Data and Code for: "Demographic Origins of the Startup Deficit"
Principal Investigator(s): View help for Principal Investigator(s) Fatih Karahan, Amazon; Benjamin Pugsley, University of Notre Dame; Aysegul Sahin, University of Texas-Austin
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| 01_bds_groups | 05/20/2024 05:26:PM | ||
| 02_birthrate_iv | 05/20/2024 05:26:PM | ||
| 03_demographics | 05/20/2024 05:26:PM | ||
| 04_migration_iv | 05/20/2024 05:26:PM | ||
| 05_crossstate | 05/20/2024 05:26:PM | ||
| 06_cbp_imputation | 05/20/2024 05:26:PM | ||
| 07_composition | 05/20/2024 05:26:PM | ||
| 08_model | 05/20/2024 05:26:PM |
Project Description
Summary:
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We propose a simple explanation for the long-run decline in the U.S. startup rate. It originates from a slowdown in labor supply growth since the late 1970s, largely pre-determined by demographics. This channel can explain roughly half of the decline and why incumbent firm survival and average growth over the life cycle have changed little. We show these results in a standard model of firm dynamics and test the mechanism using cross-state variation in labor supply growth. Finally, we show that a longer entry rate series imputed using historical establishment tabulations rises over the 1960-70s period of accelerating labor force growth.
Scope of Project
JEL Classification:
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D22 Firm Behavior: Empirical Analysis
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
J11 Demographic Trends, Macroeconomic Effects, and Forecasts
D22 Firm Behavior: Empirical Analysis
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
J11 Demographic Trends, Macroeconomic Effects, and Forecasts
Geographic Coverage:
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United States
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