Data and Code for: What Do Survey Data Tell Us about US Businesses?
2020
Description
Abstract: This paper examines the reliability of survey data on business incomes, valuations, and rates of return, which are key inputs for studies of wealth inequality and entrepreneurial choice. We compare survey responses of business owners with available data from administrative tax records, brokered private business sales, and publicly traded company filings and document problems due to nonrepresentative samples and measurement errors across several surveys, subsamples, and years. We find that the discrepancies are economically relevant for the statistics of interest. We investigate reasons for these discrepancies and propose corrections for future survey designs.
Data and code for peer-reviewed article published in American Economic Review.
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Other Identifiers
Title
Data and Code for: What Do Survey Data Tell Us about US Businesses?
Creator
Bhandari, Anmol (University of Minnesota)
Birinci, Serdar (Federal Reserve Bank of St. Louis)
McGrattan, Ellen (University of Minnesota)
See, Kurt (Bank of Canada)
Birinci, Serdar (Federal Reserve Bank of St. Louis)
McGrattan, Ellen (University of Minnesota)
See, Kurt (Bank of Canada)
Publisher
American Economic Association
Date
2020-11-23
Version
4
Language
English
Rights
Creative Commons Attribution 4.0 International, CC-BY-4.0, (https://creativecommons.org/licenses/by/4.0/legalcode)
JEL Codes
Publication Citation
Bhandari, A., S. Birinci, E. McGrattan, and K. See. 2020. "What Do Survey Data Tell Us about US Businesses?." American Economic Review: Insights 2 No. 4. https://doi.org/10.1257/aeri.20190304.
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Files may be downloaded from digital repository linked in the DOI field
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Reproducibility package is associated with peer-reviewed article
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Journal Article
Title
What Do Survey Data Tell Us about US Businesses?
Identifier
Publication Date
2020
Volume
2
Issue
4
Pages
443 - 458
Publisher
American Economic Review: Insights (American Economic Association)
Relation Type
Record Is Supplement To
Relationship Note
Associated article is published as Bank of Canada Staff Working Paper
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Text
Title
What Do Survey Data Tell Us About US Businesses?
Identifier
Publication Date
2019
Volume
Staff Working Paper
Issue
2019-45
Publisher
Bank of Canada
Relation Type
Record Is New Version Of
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Title
Data and Code for: What Do Survey Data Tell Us about US Businesses?
Identifier
Publication Date
2020-03-03
Publisher
American Economic Association
Relation Type
Record Is New Version Of
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Dataset
Title
Data and Code for: What Do Survey Data Tell Us about US Businesses?
Identifier
Publication Date
2020-03-03
Publisher
American Economic Association
Relation Type
Record Is New Version Of
Related Item
Dataset
Title
Data and Code for: What Do Survey Data Tell Us about US Businesses?
Identifier
Publication Date
2020-03-01
Publisher
American Economic Association