While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm’s and from a macro perspective. Adjustment cost theories and arguments about option values...

We study Austrian job reallocation in the period of 1978 to 1998, using a large administrative dataset where we correct for "spurious" entries and exits of firms. We find that on average 9 out of 100 randomly selected jobs were created within the last year, and that about 9 out of randomly...

The aim of this paper is twofold: one, it analyzes the dynamic factor adjustment patterns and performance changes of firms in response to periods of rapid adjustment of capital, labor, production and non-production labor; and, two, it sheds light on the role of firm characteristics on the...

Economies constantly undergo significant cyclical variations of distinct pattern and origin. In duration, business cycles vary from more than one to ten or twelve years, and comprise a boom, or expansionary phase, followed by a recession, or contractionary phase. Such cycles recur at...

We suggest a new method to analyze the success of firm creation by looking at the persistence of new jobs created in old and in new firms. Compared to survival rates of new versus old firms, this measure has the advantage that the sustainability of job creation in different circumstances is...