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Longitudinal Economic Data At The Census Bureau: A New Database Yields Fresh Insight On Some Old Issues

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  • Robert H Mcguckin

Abstract

This paper has two goals. First, it illustrates the importance of panel data with examples taken from research in progress using the U.S. Census Bureau's Longitudinal Research Database ( LRD ). Although the LRD is not the result of a "true" longitudinal survey, it provides both balanced and unbalanced panel data sets for establishments, firms, and lines of business. The second goal is to integrate the results of recent research with the LRD and to draw conclusions about the importance of longitudinal microdata for econometric research and time series analysis. The advantages of panel data arise from both the micro and time series aspects of the observations. This also leads us to consider why panel data are necessary to understand and interpret the time series behavior of aggregate statistics produced in cross-section establishment surveys and censuses. We find that typical homogeneity assumptions are likely to be inappropriate in a wide variety of applications. In particular, the industry in which an establishment is located, the ownership of the establishment, and the existence of the establishment (births and deaths) are endogenous variables that cannot simply be taken as time invariant fixed effects in econometric modeling.

Suggested Citation

  • Robert H Mcguckin, 1990. "Longitudinal Economic Data At The Census Bureau: A New Database Yields Fresh Insight On Some Old Issues," Working Papers 90-1, Center for Economic Studies, U.S. Census Bureau.
  • Handle: RePEc:cen:wpaper:90-1
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    File URL: https://www2.census.gov/ces/wp/1990/CES-WP-90-01.pdf
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    References listed on IDEAS

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    1. Dunne, Timothy & Roberts, Mark J & Samuelson, Larry, 1989. "Firm Entry and Postentry Performance in the U.S. Chemical Industries," Journal of Law and Economics, University of Chicago Press, vol. 32(2), pages 233-271, October.
    2. Lichtenberg, F.R. & Siegel, D., 1989. "The Effect Of Takeovers On The Employment And Wages Of Central-Office And Other Personnel," Papers fb-_89-05, Columbia - Graduate School of Business.
    3. Nguyen, Sang V & Reznek, Arnold P, 1993. "Factor Substitution in Small and Large U.S. Manufacturing Establishments: 1977-82," Small Business Economics, Springer, vol. 5(1), pages 37-54, March.
    4. Timothy Dunne & Mark J. Roberts & Larry Samuelson, 1988. "Patterns of Firm Entry and Exit in U.S. Manufacturing Industries," RAND Journal of Economics, The RAND Corporation, vol. 19(4), pages 495-515, Winter.
    5. Caves, Richard E & Porter, Michael E, 1978. "Market Structure, Oligopoly, and Stability of Market Shares," Journal of Industrial Economics, Wiley Blackwell, vol. 26(4), pages 289-313, June.
    6. Lichtenberg, Frank R. & Siegel, Donald, 1990. "The effects of leveraged buyouts on productivity and related aspects of firm behavior," Journal of Financial Economics, Elsevier, vol. 27(1), pages 165-194, September.
    7. Caves, Richard E & Porter, Michael E, 1980. "The Dynamics of Changing Seller Concentration," Journal of Industrial Economics, Wiley Blackwell, vol. 29(1), pages 1-15, September.
    8. repec:hoo:wpaper:e-89-33 is not listed on IDEAS
    9. Timothy Dunne & Mark J. Roberts & Larry Samuelson, 1989. "The Growth and Failure of U. S. Manufacturing Plants," The Quarterly Journal of Economics, Oxford University Press, vol. 104(4), pages 671-698.
    10. Steven J. Davis & John Haltiwanger, 1992. "Gross Job Creation, Gross Job Destruction, and Employment Reallocation," The Quarterly Journal of Economics, Oxford University Press, vol. 107(3), pages 819-863.
    11. Frank R. Lichtenberg & Donald Siegel, 1987. "Productivity and Changes in Ownership of Manufactoring Plants," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 18(3, Specia), pages 643-684.
    12. Robert H Mcguckin & George A Pascoe, 1988. "The Longitudinal Research Database (LRD): Status And Research Possibilities," Working Papers 88-2, Center for Economic Studies, U.S. Census Bureau.
    13. John R. Baldwin & Paul K. Gorecki, 1990. "Firm Entry and Exit in the Canadian Manufacturing Sector," Working Papers 767, Queen's University, Department of Economics.
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    Citations

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    Cited by:

    1. Joshua Drucker, 2015. "An Evaluation of Competitive Industrial Structure and Regional Manufacturing Employment Change," Regional Studies, Taylor & Francis Journals, vol. 49(9), pages 1481-1496, September.
    2. Eduardo Martins, 1993. "Construction Of Regional Input-Output Tables From Establishment-Level Microdata: Illinois, 1982," Working Papers 93-12, Center for Economic Studies, U.S. Census Bureau.
    3. Robert H Mcguckin, 1992. "Analytic Use Of Economic Microdata; A Model For Researcher Access With Confidentiality Protection," Working Papers 92-8, Center for Economic Studies, U.S. Census Bureau.

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    Keywords

    CES; economic; research; micro; data; microdata; chief; economist;

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