Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19961 
Year of Publication: 
2004
Series/Report no.: 
Papers on Entrepreneurship, Growth and Public Policy No. 1604
Publisher: 
Max Planck Institute for Research into Economic Systems, Jena
Abstract: 
An important new literature on gross employment flows has produced a great outpouring of stylized facts. In this paper we examine one aspect of this literature through the lens of dynamic models and theories of industrial evolution. We extend the Davis and Haltiwanger methodology for analysis of the persistence of gross job creation, distinguishing the persistence of new jobs from business births and from expansions. The persistence rates are then compared with those expected in each sector if average annual job creation and destruction were distributed across the business population independently of the prior year's changes. The results provide a basis for discussing aspects of the different dynamics of job creation in services and manufacturing.
Subjects: 
Entrepreneurship
Industry Evolution
Job Flows
Services
JEL: 
M13
L6
J6
L8
Document Type: 
Working Paper

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