{"id":115328,"date":"2024-01-22T19:20:26","date_gmt":"2024-01-22T18:20:26","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115328\/"},"modified":"2024-11-07T04:29:53","modified_gmt":"2024-11-07T03:29:53","slug":"job-creation-and-the-intra-distribution-dynamics-of-the-firm-size-distribution-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115328\/","title":{"rendered":"Job Creation and the Intra-distribution Dynamics of the Firm Size Distribution"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115328","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Based on a structural model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows an assessment of the impact of different (counterfactual) economic policy measures on intra-distribution dynamics of the firm size distribution. We find that policies increasing the life span of firms reduce the exit hazard of young firms, but also reduce the probability to be a Gazelle. An increase in the industry-wide entry rate increases the exit hazards of incumbent firms and has no strong impact on the likelihood of firms to become Gazelles. Increasing market growth, by contrast, decreases the exit hazards for incumbent firms and slightly increases the likelihood of firms to be Gazelles. Finally, an increase in the birth size of firms increases the probability of young firms to be Gazelles with strongest effects for the smallest firms.","onlinedate":"2011-05-31 02:00:00","lang":"English","publication_series":"","publication_date":"20110501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"34","keywords":"[\"Firm growth\",\"Gazelles\",\"economic policy\",\"entry size\",\"survival\"]","jelcodes":"[]","related_publications":"[]","pdf":341420,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"395","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3481,3491],"collaboration":"","persons":[3621,3600,3785],"persons_data":"[{\"personId\":3621,\"personName\":\"Peter Huber\",\"organisationNames\":[]},{\"personId\":3600,\"personName\":\"Harald Oberhofer\",\"organisationNames\":[]},{\"personId\":3785,\"personName\":\"Michael Pfaffermayr\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Huber, P.<\\\/span><span>, Oberhofer, H.<\\\/span><span>, &amp; Pfaffermayr, M.<\\\/span> (2011). <span>Job Creation and the Intra-distribution Dynamics of the Firm Size Distribution<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (395). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/41910\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/41910<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Huber P<\\\/span><span>, Oberhofer H<\\\/span><span>, Pfaffermayr M<\\\/span>. <span class=\\\"title\\\"><span>Job Creation and the Intra-distribution Dynamics of the Firm Size Distribution<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2011 May;(395).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{1a4d1cb0394c49729b02e7488a2e25e3,<\\\/div><div>  title    = \\\"Job Creation and the Intra-distribution Dynamics of the Firm Size Distribution\\\",<\\\/div><div>  abstract = \\\"Based on a structural model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows an assessment of the impact of different (counterfactual) economic policy measures on intra-distribution dynamics of the firm size distribution. We find that policies increasing the life span of firms reduce the exit hazard of young firms, but also reduce the probability to be a Gazelle. An increase in the industry-wide entry rate increases the exit hazards of incumbent firms and has no strong impact on the likelihood of firms to become Gazelles. Increasing market growth, by contrast, decreases the exit hazards for incumbent firms and slightly increases the likelihood of firms to be Gazelles. Finally, an increase in the birth size of firms increases the probability of young firms to be Gazelles with strongest effects for the smallest firms.\\\",<\\\/div><div>  keywords = \\\"Firm growth, Gazelles, economic policy, entry size, survival, Firm growth, Gazelles, economic policy, entry size, survival\\\",<\\\/div><div>  author   = \\\"Peter Huber and Harald Oberhofer and Michael Pfaffermayr\\\",<\\\/div><div>  year     = \\\"2011\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Job Creation and the Intra-distribution Dynamics of the Firm Size Distribution<\\\/p><p>AU  - Huber, Peter<\\\/p><p>AU  - Oberhofer, Harald<\\\/p><p>AU  - Pfaffermayr, Michael<\\\/p><p>PY  - 2011\\\/5<\\\/p><p>Y1  - 2011\\\/5<\\\/p><p>N2  - Based on a structural model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows an assessment of the impact of different (counterfactual) economic policy measures on intra-distribution dynamics of the firm size distribution. We find that policies increasing the life span of firms reduce the exit hazard of young firms, but also reduce the probability to be a Gazelle. An increase in the industry-wide entry rate increases the exit hazards of incumbent firms and has no strong impact on the likelihood of firms to become Gazelles. Increasing market growth, by contrast, decreases the exit hazards for incumbent firms and slightly increases the likelihood of firms to be Gazelles. Finally, an increase in the birth size of firms increases the probability of young firms to be Gazelles with strongest effects for the smallest firms.<\\\/p><p>AB  - Based on a structural model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows an assessment of the impact of different (counterfactual) economic policy measures on intra-distribution dynamics of the firm size distribution. We find that policies increasing the life span of firms reduce the exit hazard of young firms, but also reduce the probability to be a Gazelle. An increase in the industry-wide entry rate increases the exit hazards of incumbent firms and has no strong impact on the likelihood of firms to become Gazelles. Increasing market growth, by contrast, decreases the exit hazards for incumbent firms and slightly increases the likelihood of firms to be Gazelles. Finally, an increase in the birth size of firms increases the probability of young firms to be Gazelles with strongest effects for the smallest firms.<\\\/p><p>KW  - Firm growth<\\\/p><p>KW  - Gazelles<\\\/p><p>KW  - economic policy<\\\/p><p>KW  - entry size<\\\/p><p>KW  - survival<\\\/p><p>KW  - Firm growth<\\\/p><p>KW  - Gazelles<\\\/p><p>KW  - economic policy<\\\/p><p>KW  - entry size<\\\/p><p>KW  - survival<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Job Creation and the Intra-distribution Dynamics of the Firm Size Distribution - 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