Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168290
Authors: 
Murmann, Martin
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Organizations and Firms I A12-V2
Abstract: 
Recent research based on aggregate data suggests that employment in young firms is more negatively impacted during economic crises than employment in incumbent firms. Using firm-level data, we show that under constant human capital of the firms' founders, employment growth in less than 1 1/2-year-old start-ups reacts countercyclically and employment growth in older start-ups reacts procyclically. The young start-ups realize their countercyclical growth by hiring qualified labor market entrants.
JEL: 
E32
J23
L26
M13
L25
L11
D22
Document Type: 
Conference Paper

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