USLMData {BHSBVAR}

U.S. Labor Market Data

Description

Quarterly U.S. labor market time-series data. These data are the data used in Baumeister and Hamilton (2015).

Usage

data(USLMData)

Format

Data frame object that includes "Date", "Wage", and "Employment" variables. These data are the percent change in U.S. real wage and employment and were created by taking the difference of the natural log of U.S. real wage and employment levels and multiplying by 100.

Source

Dr. Christiane Baumeister's website https://sites.google.com/site/cjsbaumeister/.

Dr. James D. Hamilton's website https://econweb.ucsd.edu/~jhamilton/.

References

Baumeister, C., & Hamilton, J.D. (2015). Sign restrictions, structural vector autoregressions, and useful prior information. Econometrica, 83(5), 1963-1999.

Examples

data(USLMData)