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Tracking the Pandemic in Real Time: Administrative Micro Data in Business Cycles Enters the Spotlight

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  • Joseph Vavra

Abstract

In this paper I discuss the increasingly prominent role of administrative micro data in macroeconomics research. This type of data proved important for interpreting the causes and consequences of the Great Recession, and it has played a crucial role in shaping economists' understanding of the COVID-19 pandemic in near real-time. I discuss a number of specific insights from this research while also illustrating some of the broader opportunities and challenges of working with administrative data.

Suggested Citation

  • Joseph Vavra, 2021. "Tracking the Pandemic in Real Time: Administrative Micro Data in Business Cycles Enters the Spotlight," Journal of Economic Perspectives, American Economic Association, vol. 35(3), pages 47-66, Summer.
    • Handle: RePEc:aea:jecper:v:35:y:2021:i:3:p:47-66
    DOI: 10.1257/jep.35.3.47
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    Cited by:

    1. Buda, Gergely & Carvalho, Vasco & Hansen, Stephen & Ortiz, Alvaro & Rodrigo, Tomasa & Rodríguez Mora, José V, 2022. "National Accounts in a World of Naturally Occurring Data: A Proof of Concept for Consumption," CEPR Discussion Papers 17519, C.E.P.R. Discussion Papers.
    2. Guttman-Kenney, Benedict & Firth, Chris & Gathergood, John, 2023. "Buy now, pay later (BNPL) ...on your credit card," Journal of Behavioral and Experimental Finance, Elsevier, vol. 37(C).
    3. Stankov, Petar, 2024. "Will voters polarize over pandemic restrictions? Theory and evidence from COVID-19," Economic Modelling, Elsevier, vol. 136(C).
    4. Manyong, Victor & Bokanga, Mpoko & Akonkwa Nyamuhirwa, Dieu-Merci & Bamba, Zoumana & Adeoti, Razack & Mwepu, Gregoire & Cole, Steven M. & Dontsop Nguezet, Paul Martin, 2022. "COVID-19 outbreak and rural household food security in the Western Democratic Republic of the Congo," World Development Perspectives, Elsevier, vol. 28(C).
    5. Albuquerque, Bruno & Varadi, Alexandra, 2022. "Consumption effects of mortgage payment," Bank of England working papers 963, Bank of England.
    6. van Dijk Herman K., 2024. "Challenges and Opportunities for Twenty First Century Bayesian Econometricians: A Personal View," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 28(2), pages 155-176, April.
    7. Yang, Jinyu & Dong, Dayong & Liang, Chao, 2024. "Climate policy uncertainty and the U.S. economic cycle," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    8. Albuquerque, Bruno & Green, Georgina, 2023. "Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data," Journal of Macroeconomics, Elsevier, vol. 78(C).

    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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