aggregation. I estimate labour market transition rates using monthly and quarterly frequency CPS data. I apply a time-aggregation … correction to make them comparable. I find notable differences in terms of levels and volatilities. While the continuous time-aggregation … quarterly frequency. I argue that rates from surveys at different frequencies are not comparable, even if corrected for time …

aggregation. I estimate labour market transition rates using monthly and quarterly frequency CPS data. I apply a time-aggregation … correction to make them comparable. I find notable differences in terms of levels and volatilities. While the continuous time-aggregation … quarterly frequency. I argue that rates from surveys at different frequencies are not comparable, even if corrected for time …

In 1960, Working noted that time aggregation of a random walk induces serial correlation in the first difference that … time aggregation has quantitatively large effects. Using new techniques to correct for the problem, I find the estimate for …