Did US business dynamism recover in the 2010s?

• Autores: Asier Aguilera Bravo, Miguel Casares Polo, Hashmat Khan
• Localización: Documentos de Trabajo ( Universidad Pública de Navarra. Departamento de Economía ), Nº. 5, 2021
• Idioma: inglés
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• Resumen

  • We provide evidence that both firm and establishment entry rates in the US have been increasing over the past decade, seemingly ending the secular decline observed over previous decades. However, the job-size of new businesses relative to incumbents has decreased substantially. Controlling for these opposite trends reveals that the size-adjusted entry rate continues to decline.