The estimated effects critically rely upon knowledge on workers’ reallocation patterns, which is usually plagued with coding errors. I develop an econometric framework to jointly estimate misclassification probabilities, corrected mobility matrices, and structural parameters in a unified means. Under totally different mannequin specifications, I evaluate how the estimated results of a commerce shock differ on whether the analysis makes use of right mobility measures and parameters. The outcomes show that estimated employment and welfare effects of a commerce shock are considerably different, elevating an necessary warning for quantitative workouts using mobility knowledge with coding errors...Read More
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Determine the first Standard Industry Classification Code for your small business utilizing SIC Search or NAICS/SIC crosswalk if you understand your NAICS...Read More