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Papers Containing Tag(s): 'Current Population Survey'

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Bureau of Labor Statistics - 116

Internal Revenue Service - 101

Social Security Administration - 92

American Community Survey - 92

Longitudinal Employer Household Dynamics - 87

Census Bureau Disclosure Review Board - 78

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Protected Identification Key - 76

Social Security - 74

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Center for Economic Studies - 64

National Science Foundation - 61

Ordinary Least Squares - 61

North American Industry Classification System - 58

Longitudinal Business Database - 53

Decennial Census - 51

Standard Industrial Classification - 45

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Disclosure Review Board - 38

Person Validation System - 37

Chicago Census Research Data Center - 36

Federal Reserve Bank - 36

Federal Statistical Research Data Center - 35

Cornell University - 35

Business Register - 34

Alfred P Sloan Foundation - 34

2010 Census - 33

Quarterly Census of Employment and Wages - 33

National Bureau of Economic Research - 31

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Quarterly Workforce Indicators - 30

Bureau of Economic Analysis - 28

W-2 - 26

PSID - 25

Department of Labor - 24

Economic Census - 24

Social and Economic Supplement - 23

Person Identification Validation System - 23

Census Bureau Business Register - 23

Office of Management and Budget - 23

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Annual Survey of Manufactures - 23

Service Annual Survey - 22

University of Chicago - 22

Master Address File - 21

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National Longitudinal Survey of Youth - 19

ASEC - 18

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1940 Census - 17

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National Institute on Aging - 16

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Center for Administrative Records Research and Applications - 16

LEHD Program - 16

Local Employment Dynamics - 16

Financial, Insurance and Real Estate Industries - 15

Temporary Assistance for Needy Families - 15

Cornell Institute for Social and Economic Research - 15

Total Factor Productivity - 14

SSA Numident - 14

Computer Assisted Personal Interview - 14

Journal of Economic Literature - 14

Longitudinal Research Database - 14

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American Housing Survey - 13

Census Bureau Longitudinal Business Database - 13

Federal Reserve System - 13

Medical Expenditure Panel Survey - 13

Census 2000 - 13

National Center for Health Statistics - 12

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Characteristics of Business Owners - 12

Housing and Urban Development - 12

Department of Housing and Urban Development - 12

Census Numident - 12

Administrative Records - 12

Department of Health and Human Services - 12

Business Employment Dynamics - 12

CPS ASEC - 11

International Trade Research Report - 11

County Business Patterns - 11

Center for Administrative Records Research - 11

Current Population Survey Annual Social and Economic Supplement - 11

Core Based Statistical Area - 11

Agency for Healthcare Research and Quality - 11

Office of Personnel Management - 10

Federal Insurance Contribution Act - 10

Department of Agriculture - 10

AKM - 10

Integrated Public Use Microdata Series - 10

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National Health Interview Survey - 10

American Economic Review - 10

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Urban Institute - 9

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Indian Health Service - 9

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Social Science Research Institute - 8

Supreme Court - 8

American Economic Association - 8

Census of Manufacturing Firms - 8

Journal of Labor Economics - 8

Employer Characteristics File - 8

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Social Security Disability Insurance - 7

Cobb-Douglas - 7

University of California Los Angeles - 7

NBER Summer Institute - 7

Successor Predecessor File - 7

Federal Tax Information - 7

Economic Research Service - 7

Census Bureau Master Address File - 7

Russell Sage Foundation - 7

Master Beneficiary Record - 7

PIKed - 7

Composite Person Record - 7

Society of Labor Economists - 7

Bureau of Labor - 7

University of Michigan - 7

Some Other Race - 7

New York University - 7

Public Use Micro Sample - 7

National Academy of Sciences - 7

Census Edited File - 7

Survey of Business Owners - 7

Securities and Exchange Commission - 7

Herfindahl Hirschman Index - 7

Census Industry Code - 7

Boston College - 7

Council of Economic Advisers - 7

Retail Trade - 7

Small Business Administration - 7

National Opinion Research Center - 7

Current Employment Statistics - 7

Citizenship and Immigration Services - 6

United States Census Bureau - 6

Centers for Medicare - 6

Census Bureau Person Identification Validation System - 6

Data Management System - 6

Census Household Composition Key - 6

New York Times - 6

Generalized Method of Moments - 6

Computer Assisted Telephone Interviews and Computer Assisted Personal Interviews - 6

CATI - 6

Business Register Bridge - 6

University of Minnesota - 6

Journal of Human Resources - 6

Review of Economics and Statistics - 6

Harvard University - 6

Kauffman Foundation - 6

Quarterly Journal of Economics - 6

CDF - 6

Cumulative Density Function - 6

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BLS Handbook of Methods - 6

WECD - 6

Department of Education - 5

Annual Business Survey - 5

Yale University - 5

National Center for Science and Engineering Statistics - 5

Michigan Institute for Teaching and Research in Economics - 5

Stanford University - 5

MAF-ARF - 5

Pew Research Center - 5

Indian Housing Information Center - 5

Master Earnings File - 5

Department of Justice - 5

Department of Defense - 5

HHS - 5

2SLS - 5

North American Industry Classi - 5

Business Master File - 5

Federal Government - 5

Regional Economic Information System - 5

Journal of Political Economy - 5

MIT Press - 5

Summary Earnings Records - 5

Boston Research Data Center - 5

Integrated Longitudinal Business Database - 4

Centers for Disease Control and Prevention - 4

General Education Development - 4

Minnesota Population Center - 4

Technical Services - 4

NUMIDENT - 4

Federal Register - 4

Ewing Marion Kauffman Foundation - 4

Business Services - 4

Professional Services - 4

Survey of Consumer Finances - 4

Department of Commerce - 4

Patent and Trademark Office - 4

Retirement History Survey - 4

Regression Discontinuity Design - 4

Federal Reserve Bank of Chicago - 4

Board of Governors - 4

Federal Trade Commission - 4

Survey of Manufacturing Technology - 4

Linear Probability Models - 4

UC Berkeley - 4

Employer-Household Dynamics - 4

Organization for Economic Cooperation and Development - 4

Census of Retail Trade - 4

Census Bureau Center for Economic Studies - 4

Establishment Micro Properties - 4

Sample Edited Detail File - 4

Consolidated Metropolitan Statistical Areas - 4

National Employer Survey - 3

Postal Service - 3

Arts, Entertainment - 3

Management and Organizational Practices Survey - 3

Business R&D and Innovation Survey - 3

Opportunity Atlas - 3

Educational Services - 3

Agriculture, Forestry - 3

University of Toronto - 3

Federal Poverty Level - 3

Consumer Expenditure Survey - 3

George Mason University - 3

Princeton University - 3

European Commission - 3

Statistics Canada - 3

World Bank - 3

Limited Liability Company - 3

Brookings Institution - 3

Information and Communication Technology Survey - 3

Environmental Protection Agency - 3

CAAA - 3

Sloan Foundation - 3

Probability Density Function - 3

IQR - 3

Labor Productivity - 3

Public Administration - 3

VAR - 3

National Research Council - 3

Journal of Economic Perspectives - 3

TFPQ - 3

employed - 104

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survey - 77

earnings - 74

recession - 64

population - 60

employee - 60

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census bureau - 40

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estimating - 34

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econometric - 33

poverty - 32

hiring - 31

census data - 31

occupation - 28

statistical - 26

expenditure - 25

data - 24

data census - 24

macroeconomic - 24

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hispanic - 23

irs - 23

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insurance - 22

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quarterly - 22

ethnicity - 21

resident - 21

heterogeneity - 21

endogeneity - 21

minority - 20

disadvantaged - 20

enrollment - 20

residence - 20

earn - 20

employment dynamics - 20

coverage - 19

unemployment rates - 19

estimation - 19

revenue - 19

layoff - 19

immigrant - 19

medicaid - 19

socioeconomic - 19

tax - 19

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percentile - 18

labor statistics - 18

ethnic - 17

survey income - 17

retirement - 17

industrial - 16

growth - 16

residential - 16

shift - 16

longitudinal - 16

estimates employment - 16

employment statistics - 15

disparity - 15

report - 15

household surveys - 15

housing - 15

manufacturing - 15

migration - 15

migrant - 15

tenure - 15

workplace - 15

ssa - 14

eligibility - 14

citizen - 14

sector - 14

assessed - 14

imputation - 14

immigration - 14

research census - 14

entrepreneur - 13

entrepreneurship - 13

employment data - 13

incentive - 13

racial - 13

race - 13

demand - 13

census survey - 13

market - 13

mobility - 13

taxpayer - 13

employment growth - 13

production - 13

employment earnings - 13

enterprise - 12

employment unemployment - 12

bias - 12

discrimination - 12

estimator - 12

sampling - 12

gdp - 12

family - 12

labor markets - 12

eligible - 12

aging - 12

1040 - 12

metropolitan - 12

work census - 12

economically - 12

employment wages - 12

employing - 12

filing - 11

disability - 11

prevalence - 11

neighborhood - 11

intergenerational - 11

migrating - 11

datasets - 11

federal - 11

use census - 11

income data - 11

medicare - 11

establishment - 11

workers earnings - 11

employment estimates - 11

clerical - 11

employer household - 11

longitudinal employer - 11

census research - 11

employee data - 11

state employment - 10

health - 10

pandemic - 10

average - 10

poorer - 10

investment - 10

innovation - 10

moving - 10

migrate - 10

microdata - 10

mexican - 10

turnover - 10

entrepreneurial - 9

benefit - 9

aggregate - 9

population survey - 9

relocation - 9

state - 9

income survey - 9

pension - 9

census responses - 9

native - 9

economic census - 9

segregation - 9

home - 9

ancestry - 9

yearly - 9

sale - 9

wage changes - 9

regress - 9

uninsured - 9

econometrician - 9

employment flows - 9

effects employment - 8

union - 8

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relocate - 8

company - 8

financial - 8

subsidy - 8

survey households - 8

dependent - 8

profit - 8

retiree - 8

record - 8

matching - 8

race census - 8

recessionary - 8

decade - 8

assessing - 8

venture - 8

worker demographics - 8

trends employment - 8

recession employment - 8

insurance coverage - 8

efficiency - 8

endogenous - 8

produce - 8

proprietorship - 7

proprietor - 7

agriculture - 7

2010 census - 7

productive - 7

productivity growth - 7

parent - 7

parental - 7

unobserved - 7

spillover - 7

provided census - 7

employment trends - 7

discrepancy - 7

woman - 7

poor - 7

policy - 7

earnings workers - 7

wealth - 7

corporation - 7

coverage employer - 7

earnings employees - 7

earnings age - 7

effect wages - 7

wage data - 7

healthcare - 7

income year - 7

career - 6

incorporated - 6

unemployment insurance - 6

sample - 6

latino - 6

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propensity - 6

rurality - 6

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rent - 6

generation - 6

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mortality - 6

cohort - 6

impact - 6

census linked - 6

wage growth - 6

saving - 6

census household - 6

exogeneity - 6

labor productivity - 6

white - 6

income distributions - 6

wage earnings - 6

associate - 6

organizational - 6

earnings inequality - 6

statistician - 6

workforce indicators - 6

regressing - 6

wages production - 6

trends labor - 6

enrollee - 6

exemption - 6

segregated - 6

insured - 6

inference - 6

income households - 6

health insurance - 6

schooling - 6

income individuals - 6

educated - 6

department - 5

residing - 5

endowment - 5

community - 5

profitability - 5

technology - 5

marriage - 5

citizenship - 5

adulthood - 5

enrolled - 5

demography - 5

expense - 5

linked census - 5

industry wages - 5

transition - 5

earnings growth - 5

disclosure - 5

analysis - 5

distribution - 5

census use - 5

ownership - 5

merger - 5

accounting - 5

surveys censuses - 5

records census - 5

fiscal - 5

industry employment - 5

regression - 5

wage regressions - 5

wage industries - 5

employment recession - 5

fertility - 5

census file - 5

retail - 5

researcher - 5

founder - 5

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relocating - 5

black - 5

insurance premiums - 5

insurance employer - 5

employment count - 5

study - 5

wages employment - 4

asian - 4

renter - 4

patent - 4

sector productivity - 4

reside - 4

specialization - 4

geographic - 4

urban - 4

city - 4

environmental - 4

census years - 4

outsourced - 4

finance - 4

database - 4

employment distribution - 4

autoregressive - 4

women earnings - 4

employment effects - 4

consumption - 4

information census - 4

corporate - 4

productivity measures - 4

productivity dynamics - 4

outsourcing - 4

immigrated - 4

assimilation - 4

information - 4

homeowner - 4

employment measures - 4

owner - 4

censuses surveys - 4

interracial - 4

earnings gap - 4

wage gap - 4

gender - 4

business data - 4

increase employment - 4

wage variation - 4

grocery - 4

industry productivity - 4

productivity variation - 4

wages productivity - 4

wage differences - 4

factory - 4

business owners - 4

census business - 4

employment entrepreneurship - 4

taxation - 4

matched - 4

utilization - 4

premium - 4

employment changes - 4

research - 4

household income - 4

education - 4

graduate - 3

nonemployer businesses - 3

town - 3

sociology - 3

spending - 3

census 2020 - 3

factor productivity - 3

depreciation - 3

productivity shocks - 3

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census records - 3

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geographically - 3

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tariff - 3

growth productivity - 3

capital productivity - 3

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firms census - 3

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Viewing papers 41 through 50 of 283


  • Working Paper

    Incorporating Administrative Data in Survey Weights for the Basic Monthly Current Population Survey

    January 2024

    Working Paper Number:

    CES-24-02

    Response rates to the Current Population Survey (CPS) have declined over time, raising the potential for nonresponse bias in key population statistics. A potential solution is to leverage administrative data from government agencies and third-party data providers when constructing survey weights. In this paper, we take two approaches. First, we use administrative data to build a non-parametric nonresponse adjustment step while leaving the calibration to population estimates unchanged. Second, we use administratively linked data in the calibration process, matching income data from the Internal Return Service and state agencies, demographic data from the Social Security Administration and the decennial census, and industry data from the Census Bureau's Business Register to both responding and nonresponding households. We use the matched data in the household nonresponse adjustment of the CPS weighting algorithm, which changes the weights of respondents to account for differential nonresponse rates among subpopulations. After running the experimental weighting algorithm, we compare estimates of the unemployment rate and labor force participation rate between the experimental weights and the production weights. Before March 2020, estimates of the labor force participation rates using the experimental weights are 0.2 percentage points higher than the original estimates, with minimal effect on unemployment rate. After March 2020, the new labor force participation rates are similar, but the unemployment rate is about 0.2 percentage points higher in some months during the height of COVID-related interviewing restrictions. These results are suggestive that if there is any nonresponse bias present in the CPS, the magnitude is comparable to the typical margin of error of the unemployment rate estimate. Additionally, the results are overall similar across demographic groups and states, as well as using alternative weighting methodology. Finally, we discuss how our estimates compare to those from earlier papers that calculate estimates of bias in key CPS labor force statistics. This paper is for research purposes only. No changes to production are being implemented at this time.
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  • Working Paper

    A Simulated Reconstruction and Reidentification Attack on the 2010 U.S. Census: Full Technical Report

    December 2023

    Working Paper Number:

    CES-23-63R

    For the last half-century, it has been a common and accepted practice for statistical agencies, including the United States Census Bureau, to adopt different strategies to protect the confidentiality of aggregate tabular data products from those used to protect the individual records contained in publicly released microdata products. This strategy was premised on the assumption that the aggregation used to generate tabular data products made the resulting statistics inherently less disclosive than the microdata from which they were tabulated. Consistent with this common assumption, the 2010 Census of Population and Housing in the U.S. used different disclosure limitation rules for its tabular and microdata publications. This paper demonstrates that, in the context of disclosure limitation for the 2010 Census, the assumption that tabular data are inherently less disclosive than their underlying microdata is fundamentally flawed. The 2010 Census published more than 150 billion aggregate statistics in 180 table sets. Most of these tables were published at the most detailed geographic level'individual census blocks, which can have populations as small as one person. Using only 34 of the published table sets, we reconstructed microdata records including five variables (census block, sex, age, race, and ethnicity) from the confidential 2010 Census person records. Using only published data, an attacker using our methods can verify that all records in 70% of all census blocks (97 million people) are perfectly reconstructed. We further confirm, through reidentification studies, that an attacker can, within census blocks with perfect reconstruction accuracy, correctly infer the actual census response on race and ethnicity for 3.4 million vulnerable population uniques (persons with race and ethnicity different from the modal person on the census block) with 95% accuracy. Having shown the vulnerabilities inherent to the disclosure limitation methods used for the 2010 Census, we proceed to demonstrate that the more robust disclosure limitation framework used for the 2020 Census publications defends against attacks that are based on reconstruction. Finally, we show that available alternatives to the 2020 Census Disclosure Avoidance System would either fail to protect confidentiality, or would overly degrade the statistics' utility for the primary statutory use case: redrawing the boundaries of all of the nation's legislative and voting districts in compliance with the 1965 Voting Rights Act. You are reading the full technical report. For the summary paper see https://doi.org/10.1162/99608f92.4a1ebf70.
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  • Working Paper

    Collaborative Micro-productivity Project: Establishment-Level Productivity Dataset, 1972-2020

    December 2023

    Working Paper Number:

    CES-23-65

    We describe the process for building the Collaborative Micro-productivity Project (CMP) microdata and calculating establishment-level productivity numbers. The documentation is for version 7 and the data cover the years 1972-2020. These data have been used in numerous research papers and are used to create the experimental public-use data product Dispersion Statistics on Productivity (DiSP).
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  • Working Paper

    Outsourcing Dynamism

    December 2023

    Working Paper Number:

    CES-23-64

    This paper investigates the increasing importance of domestic outsourcing in U.S. manufacturing. Under domestic outsourcing, the agency is the employer of record for temporary workers, though they perform their tasks at the client business' premises. On a yearly basis, one in two manufacturing plants hires at least some of its workers through a temporary help agency. Furthermore, domestic outsourcing is becoming increasingly more important: the average share of revenue spent on such arrangements has gone up by 85 percent since 2006. We develop a methodology to transform reported expenses on temporary and leased workers into plant-level outsourced employment counts, using administrative data on the U.S. manufacturing sector. We find that domestic outsourcing is an important margin of adjustment that plants use to modify their workforce in response to productivity shocks. Plant-level outsourced employment adjusts more quickly and is twice as responsive as payroll employment. These micro implications have significant aggregate consequences. Without taking reallocations in outsourced employment into account, the measured pace at which jobs reallocate across workplaces is underestimated. On average, we omit the equivalent of 15 percent of payroll employment reallocations in each year. However, outsourced employment churns at a much higher rate compared to its payroll counterpart. Therefore, the omission of outsourced reallocations can rationalize 37 percent of the secular decline in the aggregate job reallocation rate. Lastly, the extent of mismeasurement varies with the business cycle; falling in downturns and increasing in upturns implying that the speed of economic recovery is underestimated.
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  • Working Paper

    The 2010 Census Confidentiality Protections Failed, Here's How and Why

    December 2023

    Working Paper Number:

    CES-23-63

    Using only 34 published tables, we reconstruct five variables (census block, sex, age, race, and ethnicity) in the confidential 2010 Census person records. Using the 38-bin age variable tabulated at the census block level, at most 20.1% of reconstructed records can differ from their confidential source on even a single value for these five variables. Using only published data, an attacker can verify that all records in 70% of all census blocks (97 million people) are perfectly reconstructed. The tabular publications in Summary File 1 thus have prohibited disclosure risk similar to the unreleased confidential microdata. Reidentification studies confirm that an attacker can, within blocks with perfect reconstruction accuracy, correctly infer the actual census response on race and ethnicity for 3.4 million vulnerable population uniques (persons with nonmodal characteristics) with 95% accuracy, the same precision as the confidential data achieve and far greater than statistical baselines. The flaw in the 2010 Census framework was the assumption that aggregation prevented accurate microdata reconstruction, justifying weaker disclosure limitation methods than were applied to 2010 Census public microdata. The framework used for 2020 Census publications defends against attacks that are based on reconstruction, as we also demonstrate here. Finally, we show that alternatives to the 2020 Census Disclosure Avoidance System with similar accuracy (enhanced swapping) also fail to protect confidentiality, and those that partially defend against reconstruction attacks (incomplete suppression implementations) destroy the primary statutory use case: data for redistricting all legislatures in the country in compliance with the 1965 Voting Rights Act.
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  • Working Paper

    Are Immigrants More Innovative? Evidence from Entrepreneurs

    November 2023

    Working Paper Number:

    CES-23-56

    We evaluate the contributions of immigrant entrepreneurs to innovation in the U.S. using linked survey-administrative data on 199,000 firms with a rich set of innovation measures and other firm and owner characteristics. We find that not only are immigrants more likely than natives to own businesses, but on average their firms display more innovation activities and outcomes. Immigrant owned firms are particularly more likely to create completely new products, improve previous products, use new processes, and engage in both basic and applied R&D, and their efforts are reflected in substantially higher levels of patents and productivity. Immigrant owners are slightly less likely than natives to imitate products of others and to hire more employees. Delving into potential explanations of the immigrant-native differences, we study other characteristics of entrepreneurs, access to finance, choice of industry, immigrant self-selection, and effects of diversity. We find that the immigrant innovation advantage is robust to controlling for detailed characteristics of firms and owners, it holds in both high-tech and non-high-tech industries and, with the exception of productivity, it tends to be even stronger in firms owned by diverse immigrant-native teams and by diverse immigrants from different countries. The evidence from nearly all measures that immigrants tend to operate more innovative and productive firms, together with the higher share of business ownership by immigrants, implies large contributions to U.S. innovation and growth.
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  • Working Paper

    Granular Income Inequality and Mobility using IDDA: Exploring Patterns across Race and Ethnicity

    November 2023

    Working Paper Number:

    CES-23-55

    Shifting earnings inequality among U.S. workers over the last five decades has been widely stud ied, but understanding how these shifts evolve across smaller groups has been difficult. Publicly available data sources typically only ensure representative data at high levels of aggregation, so they obscure many details of earnings distributions for smaller populations. We define and construct a set of granular statistics describing income distributions, income mobility and con ditional income growth for a large number of subnational groups in the U.S. for a two-decade period (1998-2019). In this paper, we use the resulting data to explore the evolution of income inequality and mobility for detailed groups defined by race and ethnicity. We find that patterns identified from the universe of tax filers and W-2 recipients that we observe differ in important ways from those that one might identify in public sources. The full set of statistics that we construct is available publicly as the Income Distributions and Dynamics in America, or IDDA, data set.
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  • Working Paper

    When and Why Does Nonresponse Occur? Comparing the Determinants of Initial Unit Nonresponse and Panel Attrition

    September 2023

    Authors: Tiffany S. Neman

    Working Paper Number:

    CES-23-44

    Though unit nonresponse threatens data quality in both cross-sectional and panel surveys, little is understood about how initial nonresponse and later panel attrition may be theoretically or empirically distinct phenomena. This study advances current knowledge of the determinants of both unit nonresponse and panel attrition within the context of the U.S. Census Bureau's Survey of Income and Program Participation (SIPP) panel survey, which I link with high-quality federal administrative records, paradata, and geographic data. By exploiting the SIPP's interpenetrated sampling design and relying on cross-classified random effects modeling, this study quantifies the relative effects of sample household, interviewer, and place characteristics on baseline nonresponse and later attrition, addressing a critical gap in the literature. Given the reliance on successful record linkages between survey sample households and federal administrative data in the nonresponse research, this study also undertakes an explicitly spatial analysis of the place-based characteristics associated with successful record linkages in the U.S.
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  • Working Paper

    Labor Market Segmentation and the Distribution of Income: New Evidence from Internal Census Bureau Data

    August 2023

    Working Paper Number:

    CES-23-41

    In this paper, we present new findings that validate earlier literature on the apparent segmentation of the US earnings distribution. Previous contributions posited that the observed distribution of earnings combined two or three distinct signals and was thus appropriately modeled as a finite mixture of distributions. Furthermore, each component in the mixture appeared to have distinct distributional features hinting at qualitatively distinct generating mechanisms behind each component, providing strong evidence for some form of labor market segmentation. This paper presents new findings that support these earlier conclusions using internal CPS ASEC data spanning a much longer study period from 1974 to 2016. The restricted-access internal data is not subject to the same level of top-coding as the public-use data that earlier contributions to the literature were based on. The evolution of the mixture components provides new insights about changes in the earnings distribution including earnings inequality. In addition, we correlate component membership with worker type to provide a tacit link to various theoretical explanations for labor market segmentation, while solving the problem of assigning observations to labor market segments a priori.
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  • Working Paper

    Access to Financing and Racial Pay Gap Inside Firms

    July 2023

    Working Paper Number:

    CES-23-36

    How does access to financing influence racial pay inequality inside firms? We answer this question using the employer-employee matched data administered by the U.S. Census Bureau and detailed resume data recording workers' career trajectories. Exploiting exogenous shocks to firms' debt capacity, we find that better access to debt financing significantly narrows the earnings gap between minority and white workers. Minority workers experience a persistent increase in earnings and also a rise in the pay rank relative to white workers in the same firm. The effect is more pronounced among mid- and high-skill minority workers, in areas where white workers are in shorter supply, and for firms with ex-ante less diverse boards and greater pre-existing racial inequality. With better access to financing, minority workers are also more likely to be promoted or be reassigned to technology-oriented occupations compared to white workers. Our evidence is consistent with access to financing making firms better utilize minority workers' human capital.
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