Startup Employment and Career Trajectories

Gonzalo García-Trujillo, Nathalie Gonzalez and Álvaro Silva
Authors registered in the RePEc Author Service: Gonzalo Alberto García Trujillo

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: We study how working for a startup affects labor market outcomes using Chilean employer-employee data. Findings reveal that joining a startup results in a 6.7% reduction in earnings over the next five years, with half attributed to lower average earnings and a half to spending more time out of formal employment. Workers at startups also exhibit a lower probability of being employed and experiencing job-to-job transitions. They also hold fewer jobs. These effects are persistent but vary across worker and firm characteristics. In particular, startups that survive have a smaller earnings penalty, while top-performing startups offer an earnings premium.

Date: 2023-04
New Economics Papers: this item is included in nep-ent and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:978

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