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| Author: | Schindele, Y. Weyh, A. |
| Title: | The direct employment effects of new businesses in Germany revisited: an empirical investigation for 1976-2004 |
| Journal: | Small business economics
2011 : MAR, VOL. 36:3, p. 353-363 |
| Index terms: | employment new enterprise empirical research economics Germany |
| Language: | eng |
| Abstract: | Based on an improved and extended data from the Establishment History Panel, the analysis of Fritsch and Weyh [Small Business Economics 27(2), 245-260 (2006)] is extended by investigating the development of employment in German start-up cohorts for 1976-2004. The typical pattern found in start-up cohorts is confirmed: an initial increasing number of employees that soon turns to a decrease. In addition, some of the first evidence is provided for the 'liability of aging' phenomena in Germany. Older firms face a relatively high exit risk. We find most entries with relatively large initial employment growing significantly in the first two decades. However, after 25 years these businesses suffer from a considerable employment decline. |
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