Business Formation: A Tale of Two Recessions

Emin Dinlersoz, Timothy Dunne, John Haltiwanger and Veronika Penciakova

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: The trajectory of new business applications and transitions to employer businesses differ markedly during the Great Recession and COVID-19 Recession. Both applications and transitions to employer startups decreased slowly but persistently in the post-Lehman crisis period of the Great Recession. In contrast, during the COVID-19 Recession new applications initially declined but have since sharply rebounded, resulting in a surge in applications during 2020. Projected transitions to employer businesses also rise but this is dampened by a change in the composition of applications in 2020 towards applications that are more likely to be nonemployers.

Pages: 13 pages
Date: 2021-01
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Citations: View citations in EconPapers (17)

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https://www2.census.gov/ces/wp/2021/CES-WP-21-01.pdf First version, 2020 (application/pdf)

Related works:
Journal Article: Business Formation: A Tale of Two Recessions (2021)
Working Paper: Business Formation: A Tale of Two Recessions (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:21-01

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