, ; ; ; "ActiveFedora::Aggregation::ListSource" . ; . ; . a , ; "What Do Survey Data Tell Us about U.S. Businesses?"; ; "batchuser@example.com"; "Bhandari, Anmol", "Birinci, Serdar", "McGrattan, Ellen R.", "See, Kurt"; "Federal Reserve Bank of Minneapolis"; "Intangibles", "Survey data", "Business taxes and valuation"; "E22 - Investment; Capital; Intangible Capital; Capacity", "C83 - Survey Methods; Sampling Methods", "H25 - Business Taxes and Subsidies including sales and value-added (VAT)"; "This paper examines the reliability of widely used surveys on U.S. businesses. We compare survey responses of business owners with administrative data and document large inconsistencies in business incomes, receipts, and the number of owners. We document problems due to nonrepresentative samples and measurement errors. Nonrepresentativeness is reflected in undersampling of owners with low incomes. Measurement errors arise because respondents do not refer to relevant documents and possibly because of framing issues. We discuss implications for statistics of interest, such as business valuations and returns. We conclude that predictions based on current survey data should be treated with caution."^^; "2020-03-03"; "2019-05-17T13:32:41.83365107+00:00"^^; "https://doi.org/10.21034/sr.568"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2021-01-04T14:45:58.311770668+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "508", "79", "713", "84"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "568"; "Intangibles", "Survey data", "Business taxes and valuation"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in _American Economic Review: Insights_ (Vol. 2, No. 4, December 2020, pp. 443-458), https://doi.org/10.1257/aeri.20190304."^^, """[Staff Report 578: Data Appendix: What Do Survey Data Tell Us about U.S. Businesses?](https://researchdatabase.minneapolisfed.org/concern/publications/rf55z7802) [Replication Files](http://users.cla.umn.edu/~erm/data/sr568/)"""^^; ; "Publication" . ; ; . ; ; ; .