Financial Fragility, Business Creation and Job Destruction*

Job Creation and Destruction

Job Creation and Job Destruction in Argentina

J Jo ob b C Cr re ea at ti io on n a an nd d J Jo ob b D De es st tr ru uc ct ti io on n i in n A Ar rg ge en nt ti in na a Development Bank for the "Labor Markets and Globalization Conference", October 2003. We are grateful to Gustavo Marquez and Carolina Czastkiewicz for their useful comments and to Hugo Hopenhayn who kindly gave us the panel data for the years 1989 to 1995. We would also lik...

Job Creation and Destruction : Evidence from Spain

In this paper we examine the effect of innovation on job creation and job destruction in Spanish manufacturing. Our empirical analysis is based on firm-level longitudinal data from which we have information on employment and innovation activity. The estimation approach consists of a two-step procedure that takes into account the fact that firms endogenously choose positive, negative or zero gro...

Job Creation, Job Destruction and Labour Demand in Slovenia

This paper uses a unique firm level data base of traditional and newly established private enterprises to investigate gross job flows and labour demand in the transition period in Slovenia. We find that job destruction dominates job creation in the early years of transition, but later in the transition job destruction diminishes. The excess job reallocation rate, a measure for restructuring, is...

Business Volatility, Job Destruction and Unemployment

Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid 1990s and thereafter. U.S. data also show a secular decline in firm-level employment volatility and the job destruction rate. We interpret this decline as a decrease in the intensity of idiosyncratic labor demand shocks, a key parameter in search and matching models of frictional ...