Job creation and firm-specific location incentives

Data Appendix for “ Firm Age , Investment Opportunities , and Job Creation ” ∗

We use the publicly-available Quarterly Workforce Indicators (QWI) published by the Longitudinal Employer-Household Dynamics (LEHD) program of the U.S. Census Bureau to compute total employment by firm age.1 This dataset provides total employment2 in the private sector tabulated for 5 firm age categories—start-ups (0-1 year-olds), 2-3 year-olds, 4-5 year-olds, 6-10 year-olds, and firms over 11 ...

Stock Based Compensation: Firm-specific risk, Efficiency and Incentives

We propose a continuous time utility maximization model to value stock and option compensation from the executive's perspective. We allow the executive to invest non-option wealth in the market and riskless asset but not in the company stock itself. This enables executives to adjust exposure to market risk, but they are subject to firm-specific risk for incentive purposes. Since the executive i...

Job Creation and Job Destruction in a Transition Economy: Ownership, Firm Size, and Gross Job Flows in Polish Manufacturing

Comprehensive firm-level data for Polish manufacturing show that in state-owned firms the large drop in net employment since the start of the transition in 1990 has been driven by a jump in the job destruction rate; job creation, by contrast, is located disproportionately in the private sector. Small firms are more dynamic than large firms, but even after controlling for size, private firms hav...

Job search incentives and job match quality

a r t i c l e i n f o JEL classifications: C14 C15 C41 J64 J65 J68 Keywords: Multivariate hazards Job search Job quality Timing-of-events NPMLE MMPH We examine the impacts of time-limited unemployment insurance (UI) and active labor market programs (ALMP) on the duration and outcome of job search in Norway. We use a comprehensive simultaneous equations model accounting for i) the duration of un...

Job Creation and Destruction