An Anatomy of Firm Level Job Creation Rates over the Business Cycle
Werner Hölzl () and
Peter Huber ()
No 348, WIFO Working Papers from WIFO
We study the evolution and cyclical dependency of the cross sectional distribution of firm level job creation rates from 1975 to 2004 for the Austrian private sector. We find that the share of firms that o not adjust has declined over time, but that the share of entries, exits, growing and declining firms increased. The share of firms adjusting is higher in upswings than in downturns and the higher order moments of the job creation distribution follow distinct cyclical patterns. The smallest firms and firms at the extremes of the growth rate distribution are largely unaffected by the business cycle.
Keywords: Employment Adjustment; Business Cycle; Firm growth (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-lab and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/37144 Abstract (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2009:i:348
Access Statistics for this paper
More papers in WIFO Working Papers from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Ilse Schulz ().