Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

The age distribution of business firms

Abstract : We investigate upon the shape and the determinants of the age distribution of business firms. By employing a novel dataset covering the population of French businesses, we highlight that a geometric law provides a reasonable approximation for the age distribution. However, relevant systematic deviations and sectoral heterogeneity appear. We develop a stochastic model of firm dynamics to explain the mechanisms behind this evidence and relate them to business dynamism. Results reveal a long-term decline in entry rates and lower survival probabilities of young firms. Our findings bear important implications for aggregate outcomes, notably employment growth.
Complete list of metadatas

https://halshs.archives-ouvertes.fr/halshs-03040286
Contributor : Mattia Guerini <>
Submitted on : Friday, December 4, 2020 - 11:37:55 AM
Last modification on : Tuesday, December 8, 2020 - 9:00:06 AM

File

2020_cgg_wpage.pdf
Files produced by the author(s)

Identifiers

  • HAL Id : halshs-03040286, version 1

Collections

Citation

Flavio Calvino, Daniele Giachini, Mattia Guerini. The age distribution of business firms. 2020. ⟨halshs-03040286⟩

Share

Metrics

Record views

22

Files downloads

22