National Statistics Online - Articles - Quality of the estimates of earnings growth from the Average Earnings Index
Articles Database
Quality of the estimates of earnings growth from the Average Earnings Index
The first ever estimates of the precision of rates of earnings growth and a new set of industry groupings for the Average Earnings Index
Author: Robin Youll
Labour Market Trends, vol 110, no 4 ISSN: 1361-4819
ONS is introducing estimates of the standard error of the annual growth rates of the Average Earnings Index (AEI). In addition from April 2002, new AEI industry series including bonus payments will be published.
As part of the reviews of the AEI, which concluded in March 1999, it was recommended that ONS should seek to produce estimates of the precision of the annual growth rates of the index, and that these should be used to assess the basis for publishing series for industrial subsectors, including bonus payments. The new quality measure is described in the article. The new industry series are defined and quality bands for series introduced.
Standard errors will be used to inform reallocation of the AEI sample to improve further the estimates of annual growth in earnings.
Download
