Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168091
Authors: 
Garnadt, Niklas
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Macroeconomics D08-V1
Abstract: 
While the significant decline in US startup rates over the past 30 years has raised concern about the health of the US economy its causes have not yet been fully understood. I document the concurrent increase in the size and presence of large firms in the US economy and link it to the decline in firm creation rates. I construct a simple model that rationalizes this channel by increases in the span of control of managers.
JEL: 
E24
L25
L26
Document Type: 
Conference Paper

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