New Census Bureau Data for Entrepreneurship Research Ron S Jarmin US Census Bureau OECD November 19, 2007 This report is released to inform interested parties of ongoing research and to encourage discussion of work in progress. The views expressed are not necessarily those of the U.S. Census Bureau.
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New Census Bureau Data forEntrepreneurship Research
Ron S JarminUS Census Bureau
OECDNovember 19, 2007
This report is released to inform interested parties of ongoing research and to encourage discussion of work in progress. The views expressed are not necessarily those of the U.S. Census Bureau.
Introduction• Statistical Agencies, such as the Census
Bureau, produce a wealth of information about the business population.
• Publicly available data, however, have shortcomings for entrepreneurship research.– Insufficient attention to dynamics– No explicit role for business age
Raw materials for better data mostly already exist• Survey and Administrative Micro Data sitting
in most statistical agencies contain much of what’s needed.
• But need substantial value added before useful to skilled micro data researchers or ready for use in public release tabulations.
Census Bureau Micro Data Infrastructure for Entrepreneurship Research• Longitudinal Business Database (LBD)• Integrated Longitudinal Business
Database (ILBD = LBD + Self-employed)
• LEHD – Linked employer-employee data
• Economic Census and Survey data
New public release products being developed from the LBD• Business Demography Series (BDS)
– Public release tabulations (follow EIP protocols where appropriate)
– Developed with support from the Kauffman Foundation– First tables to be released soon.
• Synthetic LBD– Releasable micro data based on multiple imputation– Developed with support from the National Science
Foundation– Much work needed before release
The BDS• New Census public use files from LBD/BR
(support from Kauffman Foundation)– Coverage 1976-2005– CBP Universe– Establishment level with firm characteristics– Focus on both business and employment dynamics
• Unique Features– Long Time Series– Firm and Establishment Age– Interactions with Firm and Establishment Size
The BDS – Current State• Statistics
– Establishment and Firm Births, Deaths and Continuers– Job creation
• From births and expansions– Job destruction
• From deaths and contractions– Excess Job Reallocation
• By categories– Firm Age– Firm Size– Industrial Sector– Geography
The BDS
• Other tables planned (e.g. high growth firms etc)
• Comparisons and Measurement Issues– Differences with CBP– Differences with BED and QCEW– Measurement of Size (vs. SUSB)– Treatment of Outliers
Distribution of Firms, Establishments and Employment by Firm Size
Share of Firms, Establishment and Employment by Firm Size
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
Firm Size
Shar
e Firms
Estabs
Employment
Distribution of Firms, Establishments and Employment by Firm Age
Net Employment Change: by Firm Age and Firm Size, 2004
High Growth Firms
High Growth Enterprises: LBD
0
20,000
40,000
60,000
80,000
1998 1999 2000 2001 2002 2003 2004 2005
Year
# of
Firm
s
0
5,000,000
10,000,000
15,000,000
20,000,000
Employment
Number of highgrowth Entreprises
Employment (inhigh growthentreprises)
Defining “Gazelles”• What is larger context?
– Identifying gazelles is only first step– Job creation and destruction relative to old/large?– Job creation in the wider economy?– Tracking over a longer time horizon. What happens to
them? Don’t they get eaten by lions?• Other Questions and Challenges
– Role in Business cycle long time series– Wage dynamics linking to other data– What makes them successful connections to supply
chain …
Summary
• BDS will be a rich source of information to examine– Business demography – Creative destruction/innovation– Business cycle dynamics– Role of cohorts, young/small vs. large/old– Labor market dynamics
But…
• Still much more limited than access to micro data.
• Synthetic LBD will hopefully prove useful to a broad range of researchers including those wishing to do international comparisons.