Did US business dynamism recover in the 2010s?
- Aguilera Bravo, Asier
- Miguel Casares Polo
- Hashmat Khan
Año de publicación: 2021
Número: 5
Tipo: Documento de Trabajo
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.