Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/128983
Autoren: 
Huber, Peter
Oberhofer, Harald
Pfaffermayr, Michael
Datum: 
2012
Reihe/Nr.: 
WIFO Working Papers 435
Zusammenfassung: 
This paper shows that applying simple employment-weighted OLS estimation to Davis - Haltiwanger - Schuh (1996) firm level job creation rates taking the values 2 and -2 for entering and exiting firms, respectively, provides biased and inconsistent parameter estimates. Consequently, we argue that entries and exits should be analysed separately and propose an alternative, consistent estimation procedure assuming that the size of continuing firms follows a lognormal distribution. A small-scale Monte Carlo analysis confirms the analytical results. Using a sample of Austrian firms, we demonstrate that the impact of small firms on net job creation is substantially underestimated when applying employment-weighted OLS estimation.
Schlagwörter: 
Job creation
DHS growth rate
firm size
firm age
Monte Carlo simulation
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
585.95 kB





Publikationen in EconStor sind urheberrechtlich geschützt.