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bdecon / econ_data

Python 3 examples of using economic data APIs and working with economic microdata. Includes bd CPS.
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bd CPS: new variable IND #9

Closed bdecon closed 5 years ago

bdecon commented 5 years ago

edit: This issue now refers only to the task to create a time-consistent major industry recode variable IND.

The various industry and occupation codes in the CPS microdata change several times during the period from 1994 to present. Looking at others (IPUMS, CEPR, etc) have done this, I'd like to add one code that groups industries into no more than 9 categories, and one that groups occupations into no more than 9 categories.

The proposed variable names are IND and OCC. I may want to store the individual entries as categorical text, such as "Construction" and "Manufacturing", but am not sure yet.

bdecon commented 5 years ago

Possible industry groupings are in the Atlanta Fed Wage Growth Tracker. Groups would be: Construction and mining, Finance and business services, Manufacturing, Trade and transportation, Education and Health, Leisure and Hospitality, Public Administration.

bdecon commented 5 years ago

Completed, variable name is INDGRP.