Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274623 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 501 [Year:] 2022
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Entrepreneurship is essential for a healthy labor market. Recent evidence shows that young businesses (at most ten years old) have, on average, accounted for all of US employment growth over the past few decades. New businesses are especially important for youth employment. However, these businesses tend to borrow a lot, and the credit constraints they face limit their ability to create jobs. Historically, much of the discussion regarding the economic importance of entrepreneurship has focused on small businesses. Empirical evidence increasingly suggests that, among small businesses, those that are young create the most jobs.
Subjects: 
entrepreneurship
employment
start-up
firm age
firm size
firm growth
JEL: 
L26
D21
L2
L25
M13
Persistent Identifier of the first edition: 
Document Type: 
Article

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