The life history of cohorts of exits from German manufacturing
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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in: Small Business Economics, Jahrgang 13, Nr. 1, 01.08.1999, S. 71-79.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - The life history of cohorts of exits from German manufacturing
AU - Wagner, J
PY - 1999/8/1
Y1 - 1999/8/1
N2 - An investigation of the life history of three cohorts of exits based on longitudinal data covering the population of all manufacturing firms in a German federal state reveals three empirical regularities: (1) Although the probability of exit tends to decline with age ceteris paribus, only about a quarter of all exits is from the group of young firms aged five years or less. (2) Only a minor fraction of exits lived through a period of continous decline of employment for five years or more before closing down. (3) The "impact effect" of job loss due to exits can differ sharply from the "long run effect".
AB - An investigation of the life history of three cohorts of exits based on longitudinal data covering the population of all manufacturing firms in a German federal state reveals three empirical regularities: (1) Although the probability of exit tends to decline with age ceteris paribus, only about a quarter of all exits is from the group of young firms aged five years or less. (2) Only a minor fraction of exits lived through a period of continous decline of employment for five years or more before closing down. (3) The "impact effect" of job loss due to exits can differ sharply from the "long run effect".
KW - Economics
UR - http://www.scopus.com/inward/record.url?scp=0033415261&partnerID=8YFLogxK
U2 - 10.1023/A:1008197109549
DO - 10.1023/A:1008197109549
M3 - Journal articles
VL - 13
SP - 71
EP - 79
JO - Small Business Economics
JF - Small Business Economics
SN - 0921-898X
IS - 1
ER -