Business Dynamics Statistics Briefing
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Business Dynamics Statistics Briefing
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Author : John Haltiwanger
language : en
Publisher:
Release Date : 2010
Business Dynamics Statistics Briefing written by John Haltiwanger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Newly released data from the U.S. Census Bureau, the Business Dynamics Statistics (BDS), allow unprecedented tracking of business dynamics for U.S. firms and establishments. This is the fourth in a series of briefings to highlight some key features of the data. What is the role of young entrepreneurial firms in job creation? Until now, researchers lacked comprehensive data broken out by firm age necessary for understanding this fundamental dynamic in our economy. A novel feature of the BDS is that employment growth and market selection can be tracked by firm age for the universe of U.S. private, non-agricultural businesses. The Business Dynamics Statistics (BDS) is a product of the U.S. Census Bureau that measures business openings and closings, startups, job creation and job destruction by firm size, age, industrial sector, and state. The U.S. economy is comprised of more than 6 million establishments with paid employees. The population of these businesses is constantly churning-some businesses grow, others decline, and yet others close. New businesses constantly replenish this pool. The BDS monitors this activity to provide a picture of the dynamics underlying aggregate net employment growth.
Business Dynamics Statistics Briefing
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Author : John Haltiwanger
language : en
Publisher:
Release Date : 2012
Business Dynamics Statistics Briefing written by John Haltiwanger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Third in a series of reports using data from the U.S. Census Bureau's Business Dynamics Statistics. Newly released data from the U.S. Census Bureau, the Business Dynamics Statistics (BDS), permit unprecedented tracking of business dynamics for U.S. firms and establishments. This is one of several briefings to be released over the coming months to highlight some key features of these new data. The Business Dynamics Statistics (BDS) is a product of the U.S. Census Bureau that measures business openings and closings, startups, job creation and job destruction by firm size, age, industrial sector, and state. The U.S. economy is comprised of more than 6 million establishments with paid employees. The population of these businesses is constantly churning-some businesses grow, others decline, and yet others close. New businesses constantly replenish this pool. The BDS monitors this activity to provide a picture of the dynamics underlying aggregate net employment growth.
Business Dynamics Statistics Briefing
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Author : John Haltiwanger
language : en
Publisher:
Release Date : 2009
Business Dynamics Statistics Briefing written by John Haltiwanger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Second in a series of reports using data from the U.S. Census Bureau's Business Dynamics Statistics. Newly released data from the U.S. Census Bureau, the Business Dynamics Statistics (BDS), permit unprecedented tracking of business dynamics for U.S. firms and establishments. This is one of several briefings to be released over the coming months to highlight some key features of these new data. The Business Dynamics Statistics (BDS) is a product of the U.S. Census Bureau that measures business openings and closings, startups, job creation and job destruction by firm size, age, industrial sector, and state. The U.S. economy is comprised of more than 6 million establishments with paid employees. The population of these businesses is constantly churning - some businesses grow, others decline, and yet others close. New businesses constantly replenish this pool. The BDS monitors this activity to provide a picture of the dynamics underlying aggregate net employment growth.
Business Dynamics Statistics Briefing
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Author : John Haltiwanger
language : en
Publisher:
Release Date : 2012
Business Dynamics Statistics Briefing written by John Haltiwanger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
It is well known that young businesses have higher net job creation rates and a higher pace of gross job creation and destruction. Using newly released statistics from the QWI by firm age and firm size, we show this well-known pattern holds in the QWI. But the QWI offer a unique perspective on additional features of the dynamics of workers and jobs by firm age and firm size. In this report we focus on two key features - worker churning and earnings dynamics. We show that a much larger fraction of hiring at young firms is due to job creation relative to more mature firms. However, in spite of this high ratio, the difference between the hiring and job creation rates (what we call worker churning) declines with firm age. The high pace of churning at young firms is consistent with the view that young firms are undergoing a period of experimentation and trial and error. The new findings on worker churning show that this experimentation results in a high churning rate for young firms. Worker churning rates fell substantially in the 2001 and 2007/09 recessions and also exhibit a related secular decline. The cyclical and secular declines in worker churning rates over the last fifteen years are over and above the previously documented decline in business dynamism as measured by job reallocation over the same period. Worker churning reflects the reallocation of workers across existing jobs, and the evidence here is that the pace of such churning has declined. Worker churning arguably contributes to improved match quality between workers and firms; hence, this decline potentially implies a decline in match quality in the United States. In a related fashion, it is an indicator that the U.S. labor market has become less flexible over time, at least in terms of the tendency to have workers move across firms. The secular and cyclical declines in worker churning are connected, since, in both the 2001 and 2007/09 recessions, worker churning declined substantially and then failed to recover to the previous peak. This downward pattern is more apparent for more mature firms; in that respect, young firms are more engaged in this form of flexibility. However, we also know that the share of startups and, therefore, young firms is declining over this same period (which we verify holds in the newly released QWI data). With fewer young firms, the overall decline in worker churning is even greater. Another new perspective on these dynamics that the QWI permits is tracking earnings per worker. We find that workers at young firms have lower earnings per worker than at more mature firms. This is not surprising, since it is clearly related to the well-known finding that workers at larger firms have higher wages and young firms tend to be small. However, we also document that the firm age wage premium has been rising over time. Thus, adding to the trend decline in the pace of startups, we also observe that earnings for workers at such startups have declined in relative terms as well.
Business Dynamics Statistics Briefing
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Author : John Haltiwanger
language : en
Publisher:
Release Date : 2011
Business Dynamics Statistics Briefing written by John Haltiwanger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
The Census Bureau's Business Dynamics Statistics (BDS) provides data on business dynamics for U.S. firms and establishments with paid employees. This briefing highlights some key features of the most recent BDS update, which now has data through 2009 - the trough of the recent recession. The BDS shows a very large decline in gross job creation from existing firms as well as startups in the recession. Economy-wide job-creation rates and the job-creation rate from business startups (new firms) are lower in 2009 than in any year since at least 1980. The historically low rates in 2009 reflect many factors, the first of which is the very large decline in overall economic activity. However, the recession exhibited not only a very large decline in overall activity, but also an especially large reduction in overall job creation, and in job creation from startups and new establishments. The historically low job creation rates from business startups combined with a secular downward trend in job creation and destruction rates over the past few decades contribute to 2009's lower job creation rates. The Business Dynamics Statistics (BDS) is a product of the U.S. Census Bureau that measures business openings and closings, startups, job creation, and job destruction by firm size, age, industrial sector, and state. The U.S. economy is comprised of more than six million establishments with paid employees. The population of these businesses is constantly churning - some businesses grow, others decline, and yet others close. New businesses constantly replenish this pool. The BDS monitors this activity to provide a picture of the dynamics underlying aggregate net employment growth.
Business Dynamics Statistics Briefing
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Author : John Haltiwanger
language : en
Publisher:
Release Date : 2013
Business Dynamics Statistics Briefing written by John Haltiwanger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The economic downturn of 2007-09 is one of the two largest cyclical downturns experienced in the United States in the post-WWII era -- the other being the 1982-83 downturn. This period stands out not just for the magnitude of the downturn but also for the slow pace of the recovery.Using data from the newest release of the Business Dynamics Statistics (BDS), this brief examines job creation and growth after the Great Recession, and the causes for its anemic performance.
Understanding Business Dynamics
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Author : Panel on Measuring Business Formation, Dynamics, and Performance
language : en
Publisher:
Release Date : 2007-04-20
Understanding Business Dynamics written by Panel on Measuring Business Formation, Dynamics, and Performance and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-20 with Business & Economics categories.
The U.S. economy is highly dynamic: businesses open and close, workers switch jobs and start new enterprises, and innovative technologies redefine the workplace and enhance productivity. With globalization markets have also become more interconnected. Measuring business activity in this rapidly evolving environment increasingly requires tracking complex interactions among firms, establishments, employers, and employees. Understanding Business Dynamics presents strategies for improving the accuracy, timeliness, coverage, and integration of data that are used in constructing aggregate economic statistics, as well as in microlevel analyses of topics ranging from job creation and destruction and firm entry and exit to innovation and productivity. This book offers recommendations that could be enacted by federal statistical agencies to modernize the measurement of business dynamics, particularly the production of information on small and young firms that can have a disproportionately large impact in rapidly expanding economic sectors. It also outlines the need for effective coordination of existing survey and administrative data sources, which is essential to improving the depth and coverage of business data.
Measuring Entrepreneurial Businesses
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Author : John Haltiwanger
language : en
Publisher: University of Chicago Press
Release Date : 2017-09-21
Measuring Entrepreneurial Businesses written by John Haltiwanger and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-21 with Business & Economics categories.
Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.
Full Committee Hearing On The Impact Of Financial Regulatory Restructuring On Small Businesses And Community Lenders
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Author : United States. Congress. House. Committee on Small Business
language : en
Publisher:
Release Date : 2009
Full Committee Hearing On The Impact Of Financial Regulatory Restructuring On Small Businesses And Community Lenders written by United States. Congress. House. Committee on Small Business and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
The Business Environment
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Author : Paul Wetherly
language : en
Publisher: Oxford University Press
Release Date : 2018
The Business Environment written by Paul Wetherly and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Business categories.
The only book with a 'themes and issues' approach that encourages critical engagement with contemporary debates in the business environment.