Lee, Donggyu; Dörr, Sebastian; Drechsel, Thomas - 2022 - Revised August 2022
This paper shows that rising top income shares affect job creation at firms of different sizes. High-income households …, we establish that an increase in the top 10 percent income share reduces the job creation rate of small firms, relative … 1980, and that ignoring the link between inequality and job creation understates welfare effects of income redistribution. …