Entrepreneurial aging and employment growth in the context of extreme growth events

Antje Schimke

No 39, Working Paper Series in Economics from Karlsruhe Institute of Technology (KIT), Department of Economics and Management

Abstract: This paper investigates empirical evidence on the linkage between entrepreneurial aging of the workforce and firm growth. More precisely, it aims to analyse the impact of aging on employment growth in the context of extreme growth events. Basically, the study is conducted to capture the overall impact of the average age structure and aging effect on employment growth. For the empirical estimation we apply a linked employer-employee dataset providing 2.100 German firms covering the time period from 2001 to 2006. Using quantile regression techniques, the specific quantiles θ of extremely growing (θ 0.90), medium growing (θ 0.50) or shrinking firms (θ 0.10) can be explicitly analysed. The results show, on average, that employment growth seems to decline as the workforce is getting older. Put differently, extreme growth events seem to be less likely when the average aging of the workforce rapidly accelerates. Firm-specific characteristics such as size, industry affiliation and location matter hereby.

Keywords: entrepreneurial aging; firm growth; employment growth; extreme growth events; age; workforce (search for similar items in EconPapers)
JEL-codes: J11 J21 L26 O33 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-age, nep-cse and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kitwps:39

DOI: 10.5445/IR/1000028286

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