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Research Economist

Tina Highfill

Education

Ph.D.
Virginia Commonwealth University
Health Services Organization and Research
M.A.
Johns Hopkins University
Applied Economics
B.A.
Virginia Tech
Economics

Areas of Interest

Research Design
Health Services Research
Organizational Theory
Measuring the Small Business Economy kenneth.pond Mon, 03/23/2020 - 10:33
Working Paper

To better track the overall growth and relative contributions of small business in the U.S. economy, the U.S. Bureau of Economic Analysis is developing new economic statistics by business size. The paper begins with a description of existing economic statistics for small businesses, including those from the U.S. Small Business Administration, U.S. Department of the Treasury, and Statistics Canada. We then present experimental estimates of 2012–2016 employment, wages, and wages per employee by enterprise size and industry, based on publicly available source data. We find wage and employment growth over the period was slowest for very small enterprises (those with less than 20 employees) and fastest for large enterprises (those with 500 or more employees), although this relationship differs across industries. Additionally, enterprises with 0–99 employees saw wages increase at a slower rate than medium and large enterprises (those employing 100 or more employees), lagging by 1.5 percent. A discussion of the measurement challenges related to developing a full suite of economic statistics for small businesses concludes the paper.

 

Tina Highfill , Richard Cao , Richard Schwinn , Richard Prisinzano , and Danny Leung

Working Paper ID
WP2020-4