Data and Code for: Business Formation: A Tale of Two Recessions

Principal Investigator(s): View help for Principal Investigator(s) Emin Dinlersoz, United States Department of Commerce. Bureau of the Census; Timothy Dunne, University of Notre Dame; John Haltiwanger, University of Maryland; Veronika Penciakova, Federal Reserve Bank of Atlanta

Version: View help for Version V1

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Project Citation:

Dinlersoz, Emin, Dunne, Timothy, Haltiwanger, John, and Penciakova, Veronika. Data and Code for: Business Formation: A Tale of Two Recessions. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-05-06. https://doi.org/10.3886/E138122V1

Project Description

Summary: 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.

Scope of Project

Subject Terms: business formation; entrepreneurship; business dynamism; recessions

JEL Classification:
      E32 Business Fluctuations; Cycles
      L26 Entrepreneurship
      M21 Business Economics

Geographic Coverage: National, state

Time Period(s): 1/1/2006 – 12/30/2020 (Weekly data)

Universe: All applications for new businesses.

Data Type(s): administrative records data

Methodology

Data Source: Business Formation Statistics, U.S. Census Bureau

Unit(s) of Observation: Applications; Businesses

Geographic Unit: National, State

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Published Versions

V1 [2021-05-06]

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