In this paper, we analyze employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labor but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing Survey,...

The Census Bureau’s Business Dynamics Statistics (BDS) provides data on business dynamics for U.S. firms and establishments with paid employees. This briefing highlights some key features of the most recent BDS update, which now has data through 2009 - the trough of the recent recession. The...

This analysis attempts to place existing research about job growth among young, small firms in the context of productivity dynamics. Most research to date has relied on U.S. manufacturing data; this study, however, takes advantage of tabulations from recent, economy-wide datasets. These datasets...