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The Impact of Accounting Frauds on Labor Markets

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  • Jung Ho Choi
  • Brandon Gipper

Abstract

To identify and understand non-response in U.S. Census Bureau data, this technical note compares information about firms’ employment and wages in three different data sets from 1985 to 2014: S&P Compustat, the Longitudinal Business Database (LBD), and the Longitudinal Employer-Household Dynamics (LEHD). Accounting fraud firms could be manipulating many data sources, including those related to employees or employee wages. As a result, firms could have divergent reporting patterns to Census programs, thus affecting the data quality in the LBD and LEHD. This technical note explores various analyses to better understand patterns of non-reporting and makes the following main contributions: (1) The note describes employee and payroll data across S&P Compustat, LBD, and LEHD. (2) The note describes firms that are in S&P Compustat that do not report data in the LEHD. (3) The note compares LEHD-reporting with LEHD-non-reporting firms, conducting t-tests of means across various size categories. (4) The note conducts a preliminary regression and t-test analysis of whether accounting-fraud firms appear to be more or less likely than other firms to report data to LEHD.

Suggested Citation

  • Jung Ho Choi & Brandon Gipper, 2023. "The Impact of Accounting Frauds on Labor Markets," CES Technical Notes Series 23-07, Center for Economic Studies, U.S. Census Bureau.
    • Handle: RePEc:cen:tnotes:23-07
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    Keywords

    Compustat; LBD; LEHD;
    All these keywords.

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