Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/58522 
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dc.contributor.authorFackler, Danielen
dc.contributor.authorSchnabel, Clausen
dc.contributor.authorWagner, Joachimen
dc.date.accessioned2012-05-08-
dc.date.accessioned2012-06-15T07:39:04Z-
dc.date.available2012-06-15T07:39:04Z-
dc.date.issued2012-
dc.identifier.piurn:nbn:de:101:1-201205026153en
dc.identifier.urihttp://hdl.handle.net/10419/58522-
dc.description.abstractUsing comprehensive data for West Germany, this paper investigates the determinants of establishment exit. We find that between 1975 and 2006 the average exit rate has risen considerably. In order to test various liabilities of establishment survival identified in the literature, we analyze the impact of establishment size and put a special focus on differences between young and mature establishments. Our empirical analysis shows that the mortality risk falls with establishment size, which confirms the liability of smallness. The probability of exit is substantially higher for young establishments which are not more than five years old, thus confirming the liability of newness. There also exists a liability of aging since exit rates first decline over time, reaching a minimum at ages 15 to 18, and then rise again somewhat. The determinants of exit differ substantially between young and mature establishments, suggesting that young establishments are more vulnerable in a number of ways.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6349en
dc.subject.jelL2en
dc.subject.ddc330en
dc.subject.keywordfirm exitsen
dc.subject.keywordGermanyen
dc.subject.stwLiquidationen
dc.subject.stwMarktaustritten
dc.subject.stwBetriebsgrößeen
dc.subject.stwLebenszyklusen
dc.subject.stwDeutschlanden
dc.titleEstablishment exits in Germany: The role of size and age-
dc.typeWorking Paperen
dc.identifier.ppn715402684en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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