Replication data for: The Growth Potential of Startups over the Business Cycle

Principal Investigator(s):  View help for Principal Investigator(s) Petr Sedláček; Vincent Sterk

Version:  View help for Version V1

Name File Type Size Last Modified
  20141280_data 10/19/2021 03:58:PM
LICENSE.txt text/plain 14.6 KB 10/11/2019 10:34:PM

Project Citation: 

Sedlácek, Petr, and Sterk, Vincent. Replication data for: The Growth Potential of Startups over the Business Cycle. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113006V1

Project Description

Summary:  View help for Summary This paper shows that employment in cohorts of US firms is strongly influenced by aggregate conditions at the time of their entry. Employment fluctuations of startups are procyclical, they persist into later years, and cohort-level employment variations are largely driven by differences in firm size, rather than the number of firms. An estimated general equilibrium firm dynamics model reveals that aggregate conditions at birth, rather than post-entry choices, drive the majority of cohort-level employment variation by affecting the share of startups with high growth potential. In the aggregate, changes in startup conditions result in large, slow-moving fluctuations in employment.

Scope of Project

Subject Terms:  View help for Subject Terms Startups
JEL Classification:  View help for JEL Classification
      D25 Intertemporal Firm Choice: Investment, Capacity, and Financing
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J23 Labor Demand
      L25 Firm Performance: Size, Diversification, and Scope
      M13 New Firms; Startups
Geographic Coverage:  View help for Geographic Coverage United States
Universe:  View help for Universe Firms and Establishments
Data Type(s):  View help for Data Type(s) administrative records data

Methodology

Data Source:  View help for Data Source Business Dynamics Statistics
Unit(s) of Observation:  View help for Unit(s) of Observation Firms and Establishments,

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Published Versions

V1 [2019-10-12]

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