Job Creation and Firm Dynamics in the United States

@inproceedings{Lerner2012JobCA,
  title={Job Creation and Firm Dynamics in the United States},
  author={Josh Lerner and Scott Stern and John C. Haltiwanger},
  year={2012}
}
Executive Summary Business dynamism plays an important role in job creation and productivity growth in the United States. Business start-ups are an important contributor to that dynamism. Start-ups contribute disproportionately to job creation but are very heterogeneous in terms of productivity. The subsequent " up-or-out " dynamic of young businesses is an important source of job and productivity growth: exiting young businesses are of very low productivity, and the surviving young businesses… CONTINUE READING
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