This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Review: Vol. 102 No. 6 (October 2012)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

AER - All Issues

AER Forthcoming Articles

The Contribution of Large and Small Employers to Job Creation in Times of High and Low Unemployment

Article Citation

Moscarini, Giuseppe, and Fabien Postel-Vinay. 2012. "The Contribution of Large and Small Employers to Job Creation in Times of High and Low Unemployment." American Economic Review, 102(6): 2509-39.

DOI: 10.1257/aer.102.6.2509

Abstract

We document a negative correlation, at business cycle frequencies, between the net job creation rate of large employers and the level of aggregate unemployment that is much stronger than for small employers. The differential growth rate of employment between initially large and small employers has an unconditional correlation of -0.5 with the unemployment rate, and varies by about 5 percent over the business cycle. We exploit several datasets from the United States, Denmark, and France, both repeated cross sections and job flows with employer longitudinal information, spanning the last four decades and several business cycles. We discuss implications for theories of factor demand. (JEL D22, E23, E32, J23, L25)

Article Full-Text Access

Full-text Article

Additional Materials

Download Data Set (13.55 MB) | Online Appendix (41.79 KB)

Authors

Moscarini, Giuseppe (Yale U)
Postel-Vinay, Fabien (U Bristol)

JEL Classifications

D22: Firm Behavior: Empirical Analysis
E23: Macroeconomics: Production
E32: Business Fluctuations; Cycles
J23: Labor Demand
L25: Firm Performance: Size, Diversification, and Scope


American Economic Review


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AER - All Issues

AER - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us