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Firm Dynamics, Persistent Effects of Entry Conditions, and Business Cycles

January 2017

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The 10 most similar working papers to the working paper 'Firm Dynamics, Persistent Effects of Entry Conditions, and Business Cycles' are listed below in order of similarity.

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• Working Paper

  
  
  The Role of Start-Ups in StructuralTransformation
  

  January 2016

  Authors: Benjamin Pugsley, Aysegül Sahin, Robert C. Dent, Fatih Karahan

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  The U.S. economy has been going through a striking structural transformation'the secular reallocation of employment across sectors'over the past several decades. We propose a decomposition framework to assess the contributions of various margins of firm dynamics to this shift. Using firm-level data, we find that at least 50 percent of the adjustment has been taking place along the entry margin, owing to sectors receiving shares of start-up employment that differ from their overall employment shares. The rest is mostly the result of life cycle differences across sectors. Declining overall entry has a small but growing effect of dampening structural transformation.
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