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Using a dataset with over 24 million observations and the universe of more than 230,000 entries into entrepreneurship we analyze the gross (including the founders), net (excluding the founders), and new (jobs to the former unemployed or those outside the labor force) job creation by...
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We study the employment growth for entrepreneurial ventures that received a government-sponsored participative loan (PL … 2005 and 2011. We find evidence that PLs significantly boosted their beneficiaries' employment. In the two years following … loan issuance, a 1-million-Euro PL generated an increase in average employment by between 12.1 (PSM) and 14.7 (2SLS) units …
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