Job Creation, Firm Creation, and <I>De Novo</I> Entry

Data Appendix for “ Firm Age , Investment Opportunities , and Job Creation ” ∗

We use the publicly-available Quarterly Workforce Indicators (QWI) published by the Longitudinal Employer-Household Dynamics (LEHD) program of the U.S. Census Bureau to compute total employment by firm age.1 This dataset provides total employment2 in the private sector tabulated for 5 firm age categories—start-ups (0-1 year-olds), 2-3 year-olds, 4-5 year-olds, 6-10 year-olds, and firms over 11 ...

Firm creation and post-entry dynamics of de novo entrants

We show that within the same age cohort, growth rates of young firms are strongly increasing in firm size. This robust empirical pattern is confined to the initial years after entry; growth rates become independent of size as a cohort matures, as predicted by Gibrat’s law of proportionate growth. Both the initial pattern and the subsequent convergence are consistent with the framework of the pa...

Job Creation and Destruction

Job Creation and Job Destruction in Argentina

J Jo ob b C Cr re ea at ti io on n a an nd d J Jo ob b D De es st tr ru uc ct ti io on n i in n A Ar rg ge en nt ti in na a Development Bank for the "Labor Markets and Globalization Conference", October 2003. We are grateful to Gustavo Marquez and Carolina Czastkiewicz for their useful comments and to Hugo Hopenhayn who kindly gave us the panel data for the years 1989 to 1995. We would also lik...

Job Creation and Job Destruction in a Transition Economy: Ownership, Firm Size, and Gross Job Flows in Polish Manufacturing

Comprehensive firm-level data for Polish manufacturing show that in state-owned firms the large drop in net employment since the start of the transition in 1990 has been driven by a jump in the job destruction rate; job creation, by contrast, is located disproportionately in the private sector. Small firms are more dynamic than large firms, but even after controlling for size, private firms hav...