2022-11-28 - Leipziger Straße, 100, Halle (Saale), Germany - IWH, … (GERMANY) - Leibniz-Institut für Wirtschaftsforschung Halle
We propose a simple explanation for the long-run decline in the startup rate. It was caused by a slowdown in labor supply growth since the late 1970s, largely pre-determined by demographics. This channel explains roughly two-thirds of the decline and why incumbent firm survival and average...