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Measuring the Dynamics of Young and Small Businesses : Integrating the Employer and Nonemployer Universes
Davis, Steven J. - 2014
We develop a preliminary version of an Integrated Longitudinal Business Database (ILBD) that combines administrative records and survey data for all employer and nonemployer business units in the United States. Unlike other large-scale business databases, the ILBD tracks business transitions...
Persistent link: https://www.econbiz.de/10013065623
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Who Creates Jobs? Small vs. Large vs. Young
Haltiwanger, John - 2014
issues at the core of this ongoing debate. We find that the relationship between firm size and employment growth is sensitive …
Persistent link: https://www.econbiz.de/10013069389
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Firm Heterogeneity, Jobs, and International Trade : Evidence from Chile
Levinsohn, James A. - 2022
might later influence how international economists model the interaction between international trade and employment …
Persistent link: https://www.econbiz.de/10013321574
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States Taking the Reins? Employment Verification Requirements and Local Labor Market Outcomes
Ayromloo, Shalise; Feigenberg, Benjamin; Lubotsky, Darren H. - 2022
We estimate the impact of state-level “E-Verify” legislation that mandates employment eligibility verification for … private-sector workers. We document declines in formal sector employment and employment turnover after mandate passage, with … far more likely to comply with mandates. Heterogeneity in adherence leads to substantial within-state employment …
Persistent link: https://www.econbiz.de/10014241951
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Cyclical Job Ladders by Firm Size and Firm Wage
Haltiwanger, John - 2017
We study whether workers progress up firm wage and size job ladders, and the cyclicality of this movement. Search theory predicts that workers should flow towards larger, higher paying firms. However, we see little evidence of a firm size ladder, partly because small, young firms poach workers...
Persistent link: https://www.econbiz.de/10012954466
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Cyclical Wages in a Search-and-Bargaining Model with Large Firms
Rotemberg, Julio J. - 2021
productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are … search. When employment increases as a result of reductions in market power, the marginal product of labor falls. This fall …
Persistent link: https://www.econbiz.de/10013225049
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Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms
Gertler, Mark; Gilchrist, Simon - 2021
We present evidence on the cyclical behavior of small versus large manufacturing firms, and on the response of the two classes of firms to monetary policy. Our goal is to take a step toward quantifying the role of credit market imperfections in the business cycle and in the monetary transmission...
Persistent link: https://www.econbiz.de/10013246383
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How Firms Respond to Business Cycles : the Role of Firm Age and Firm Size
Fort, Teresa - 2014
There remains considerable debate in both the theoretical and empirical literature about the differences in the cyclical dynamics of firms by firm size. Some have hypothesized that small firms are more sensitive to cycles while others have posited that larger firms are more sensitive....
Persistent link: https://www.econbiz.de/10013063659
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Rising Labor Productivity During the 2008-9 Recession
Mulligan, Casey B. - 2011
During the recession of 2008-9, labor hours fell sharply, while wages and output per hour rose. Some, but not all, of the productivity and wage increase can be attributed to changing quality of the workforce. The rest of the increase appears to be due to increases in production inputs other than...
Persistent link: https://www.econbiz.de/10013118424
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The Anatomy of Sentiment-Driven Fluctuations
Acharya, Sushant - 2017
We show that sentiments - self-fulfilling changes in beliefs that are orthogonal to fundamentals - can drive persistent aggregate fluctuations under rational expectations. Such fluctuations can occur even in the absence of any exogenous aggregate fundamental shocks. In addition, sentiments also...
Persistent link: https://www.econbiz.de/10012963733