How Large are the Direct Employment Effects of New Businesses? An Empirical Investigation for West Germany |
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| Authors: | Michael Fritsch Antje Weyh |
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| Institution: | (1) Faculty of Economics and, Business Administration, Technical University Bergakademie Freiberg, German Institute of Economics (DIW-Berlin), and Max Planck Institute of Economics, Jena, Germany;(2) Regional Office Saxony, Institute for Employment Research at the Federal Employment Services, Chemnitz, Germany;(3) Faculty of Economics and Business Administration, Technical University of Freiberg, Lessingtr 45, D-09596 Freiberg, Germany |
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| Abstract: | We analyze the development of employment in start-up cohorts, which is the direct gross employment effect of the new businesses.
The data is for West Germany and covers the 1984–2002 period. While total employment in the cohorts remains above the initial
level in manufacturing, we find a pronounced decline of employment below this level in the service sector. Only a small fraction
of the firms create a considerable amount of jobs. The contribution that the start-up cohorts of the 1984–2002 period made
to total employment in 2002 is nearly three times as high in services as in manufacturing.
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| Keywords: | employment change new firms start-up cohorts |
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