This study analyzes whether economic conditions at the time of labor market entry affect entrepreneurship, using difference in business start-ups between cohorts of college students graduating in boom or bust economic conditions. Those graduating during an economic bust tend to delay their...

For the first 13 years after entry, the hazard rate for firm exits is persistently higher forurban than rural firms. While differences in observed industry market, local marketand firm attributes explain some of the rural-urban gap in firm survival, rural firmsretain a survival advantage 25%...

This paper uses the pattern of firm entry and exit to develop a classification system forindustries. The classifications include urbanruralbias; longtermgrowth; and firm survivalpatterns. The first captures the fact that sectorspecificeconomic growth may be favored inurban areas for some...