Start-up Firms in the Financial Crisis

Catherine Mann

No 3, Rosenberg Global Financial Briefs from Brandeis University, Rosenberg Institute of Global Finance, International Businesss School

Abstract: Start-up firms are a key feature of the U.S. econoomy. Annually, start-ups account for about 20 percent of all companies. On average, they create 3 million jobs per year, somewhat more than 5 percent of total job creation. But, by 2009, in the depths of the Great Recession, the rate of job creation at start-ups has fallen significantly, to about 2 million jobs per year, as a result of fewer start-ups and/or fewer jobs at each start-up. Although job creation at start-ups should increase as the economy recovers, it is worth asking whether the financial crisis will have a lasting effect.

Keywords: Start-up; job creation; jobs; financial crisis (search for similar items in EconPapers)
JEL-codes: G32 L26 (search for similar items in EconPapers)
Pages: 3 pages
Date: 2011
New Economics Papers: this item is included in nep-ent and nep-sbm
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Citations: View citations in EconPapers (2)

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