@techreport{Schindele2008direct,
abstract = {Based on an improved and extended database, the Establishment History Panel, we extend the analysis of Fritsch & Weyh (2006) by investigating the development of employment in German start-up co-horts for the period 1976 to 2004. We confirm the typical pattern of an initial increasing and then soon decreasing number of employees in start-up cohorts. Furthermore, we provide some of the first evidence for the liability of aging phenomena in Germany. Older firms face a relatively high risk of failure. Although only the largest 25% of the surviving entries grow in terms of employment, after 25 years the number of employees in these relatively large businesses strongly declines.},
address = {Jena},
author = {Yvonne Schindele and Antje Weyh},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D21; L10; L26; L29; M13; 330; Employment change; new firms; start-up cohorts; liability of aging; Unternehmensgr\"{u}ndung; Unternehmensentwicklung; Besch\"{a}ftigungseffekt; Deutschland},
language = {eng},
number = {2008,076},
publisher = {Universit\"{a}t Jena und Max-Planck-Institut f\"{u}r \"{O}konomik},
title = {The direct employment effects of new businesses in Germany revisited: an empirical investigation for 1976 - 2004},
type = {Jena economic research papers},
url = {http://hdl.handle.net/10419/31780},
year = {2008}
}
