Data and Code for: What Do Survey Data Tell Us about US Businesses?

Resource Type
Dataset : administrative records data, survey data
  • Bhandari, Anmol (University of Minnesota)
  • Birinci, Serdar (Federal Reserve Bank of St. Louis)
  • McGrattan, Ellen R. (University of Minnesota)
  • See, Kurt (Bank of Canada)
Publication Date
Funding Reference
  • National Science Foundation
    • Award Number: 1657891
  • Heller Hurwicz Economics Institute
Free Keywords
Survey data; business incomes; valuations; intangibles; taxes
  • 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.
Temporal Coverage
  • 1988-01-01 / 2016-12-31
    Time Period: Fri Jan 01 00:00:00 EST 1988--Sat Dec 31 00:00:00 EST 2016
Geographic Coverage
  • United States
Sampled Universe
All US businesses.
  • Is supplement to
    DOI: 10.3886/E118643V1 (Dataset)
  • Bhandari, Anmol, Serdar Birinci, Ellen McGrattan, and See Kurt. “What Do Survey Data Tell Us about US Businesses?” American Economic Review: Insights, n.d.
  • Bhandari, Anmol, Serdar Birinci, Ellen McGrattan, and Kurt See. “Supplementary Data for: What Do Survey Data Tell Us about US Businesses?” ICPSR - Interuniversity Consortium for Political and Social Research, 2020.
    • ID: 10.3886/E118643V1 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2020-03-03