Although understandable in light of its traumatic impact, the Great Recession of 2007-2009 may be distracting attention from a more fundamental troubling economic trend. The United States appears to be suffering from a long-term leak in job creation that pre-dates the recession and has the...

The recession started in 2008 constituted a massive shock to consumers and most firms all over the Western World. Firms were hit on their sales and finances. However, little is known on how badly they were hit and how they coped with the difficulties. This paper gives a rare and fairly early...

"Contents" -- "Prefatory Note" -- "Introduction / John Haltiwanger, Erik Hurst, Javier Miranda, and Antoinette Schoar" -- "I. Entrepreneurial Heterogeneity" -- "1. High- Growth Young Firms: Contribution to Job, Output, and Productivity Growth / John Haltiwanger, Ron S. Jarmin, Robert Kulick, and...

Start-ups and other entrepreneurial ventures make a significant contribution to the US economy, particularly in the tech sector, where they comprise some of the largest and most influential companies. Yet for every high-profile, high-growth company like Apple, Facebook, Microsoft, and Google,...