US Labor Productivity Comparison Between Actual and Random Allocation of Size of BusinessesActualRandom Allocation 200015001000500000500100015002000 Job DestructionJob CreationNet Emp ID: 94561
Download Pdf The PPT/PDF document "Mice, Gazelles and Mice, Gazelles and El..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Mice, Gazelles and Mice, Gazelles and Elephants: The Menagerie Elephants: The Menagerie of U.S. Business Dynamicsof U.S. Business DynamicsBy John HaltiwangerBy John HaltiwangerUniversity of MarylandUniversity of Maryland U.S. Labor Productivity: Comparison Between Actual and Random Allocation of Size of BusinessesActualRandom Allocation -20.00-15.00-10.00-5.000.005.0010.0015.0020.00 Job DestructionJob CreationNet Employment Growth Creative Destruction in U.S. Share of Reallocation Between and Within Detailed IndustriesWithin IndustryBetween Industry Percent of Jobs Accounted for by New Firms (All and Selected Size Classes)Year All Startups Large Startups (250-499) Micro Startups (1-4) (Right Scale) Contribution of Net Entry to Productivity Growth (10-year -0.5All RetailDepartmentStoresGeneralMerchandiseManufacturing Share Continuing Estabs Net Entry Usually as Main MessagesMain Messages Creation in Recessions, Destruction in BoomsCreation in Recessions, Destruction in BoomsIdiosyncratic Effects (Difficult to Pick Winners)Idiosyncratic Effects (Difficult to Pick Winners) Young, small businesses Young, small businesses Up or OutUp or OutProductivity EnhancingProductivity Enhancing Breakdowns in the process?Breakdowns in the process? But evidence clearly shows distorting process can have adverse But evidence clearly shows distorting process can have adverse