The Contribution of Etablishment Death and Births to Employment Growth
The relatively recent development of longitudinal establishment datasets has generated quite abit of excitement in both the academic and the statistical communities. From this literature, wehave learned that there is a large amount of volatility at the individual establishment level thatunderlies the smooth time series of aggregate employment growth. The descriptive statisticscoming out of this literature have not only stimulated the review and updating of existing labormarket theories, but have also stimulated the U.S. statistical agencies to develop theiradministrative datasets in such a way so as to produce longitudinal job flow statistics. Thepurpose of this paper is to use a new longitudinal database from the Bureau of Labor Statistics(BLS) in order to examine how establishment births and deaths contribute to job creation, jobdestruction, and net employment growth at different frequencies of measurement.Despite all that we have learned about the labor market from the existing job flows literature,the conclusions that can be drawn from these studies are somewhat limited. First, almos
" Brookings Papers on Economic Activity, pp. " International Journal of Industrial Organization, pp. "The Rate of Hazard Confronting New Firmsand Plants in U. Using the Census of Manufactures,Dunne, Roberts and Samuelson (1989a) exclude manufacturing plants with less than 5 employees; theseexcluded plants account for between 30 and 40 percent of all plants but represent only one percent ofemployment.
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