Demographic origins of the start-up deficit (Record no. 527838)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 02200nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240927b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Karahan, Fatih Pugsley, Benjamin and Şahin, Ayşegül |
| 245 ## - TITLE STATEMENT | |
| Title | Demographic origins of the start-up deficit |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The American Economic Review |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 114(7), Jul, 2024: p.1986-2023 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper proposes a simple explanation for the long-run decline in the U.S. start-up rate, attributing it to a slowdown in labor supply growth since the late 1970s, largely predetermined by demographic trends. The mechanism accounts for roughly half of the decline and explains why incumbent firm survival and average growth over the life cycle have remained relatively stable. Using a standard model of firm dynamics and cross-state variation in labor supply growth, the study tests and confirms this demographic channel. Additionally, a longer entry rate series imputed from historical establishment tabulations shows a rise during the 1960s–1970s period of accelerating labor force growth, reinforcing the demographic explanation for entrepreneurial decline. Authors propose a simple explanation for the long-run decline in the US start-up rate. It originates from a slowdown in labor supply growth since the late 1970s, largely predetermined by demographics. This channel can explain roughly half of the decline and why incumbent firm survival and average growth over the life cycle have changed little. We show these results in a standard model of firm dynamics and test the mechanism using cross-state variation in labor supply growth. Finally, we show that a longer entry rate series imputed using historical establishment tabulations rises over the 1960s–1970s period of accelerating labor force growth.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20210362 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economics, Start-Up Rate Decline, Labor Supply Growth, Demographics, Firm Dynamics, Incumbent Survival, Business Life Cycle, Cross-State Variation, Entry Rate Series, Historical Establishment Data, Entrepreneurship, U.S. Economy |
| 9 (RLIN) | 58669 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The American Economic Review |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | ENTREPRENEURSHIP |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-09-27 | 114(7), Jul, 2024: p.1986-2023 | AR133271 | 2024-09-27 | Articles |