{"id":116784,"date":"2024-01-22T20:11:56","date_gmt":"2024-01-22T19:11:56","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116784\/"},"modified":"2024-11-07T04:42:11","modified_gmt":"2024-11-07T03:42:11","slug":"who-creates-jobs-estimating-job-creation-rates-at-the-firm-level","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116784\/","title":{"rendered":"Who Creates Jobs? Estimating Job Creation Rates at the Firm Level"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116784","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper shows that applying simple employment-weighted OLS estimation to Davis \u2013 Haltiwanger \u2013 Schuh (1996) firm level job creation rates taking the values 2 and \u20132 for entering and exiting firms, respectively, provides biased and inconsistent parameter estimates. Consequently, we argue that entries and exits should be analysed separately and propose an alternative, consistent estimation procedure assuming that the size of continuing firms follows a lognormal distribution. A small-scale Monte Carlo analysis confirms the analytical results. Using a sample of Austrian firms, we demonstrate that the impact of small firms on net job creation is substantially underestimated when applying employment-weighted OLS estimation.","onlinedate":"2012-08-27 02:00:00","lang":"English","publication_series":"","publication_date":"20120801","publication_date_year":"","publication_date_full":false,"publication_num_pages":"27","keywords":"[\"DHS growth rate\",\"Job creation\",\"Monte Carlo simulation\",\"firm age\",\"firm size\"]","jelcodes":"[]","related_publications":"[]","pdf":345063,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"435","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":"","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 v26.5 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Who Creates Jobs? Estimating Job Creation Rates at the Firm Level - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/116784\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Who Creates Jobs? 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