蝌蚪网 Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Business Formation: A Tale of Two Recessions
蝌蚪网 Papers and Proceedings
(pp. 253–57)
Abstract
The trajectory of new business applications and transitions to employer businesses differs markedly during the Great Recession and the COVID-19 recession. Both applications and transitions to employer start-ups decreased slowly but persistently in the post-Lehman crisis period of the Great Recession. In contrast, during the COVID-19 recession, new applications initially declined but have since sharply rebounded, resulting in a surge in applications during 2020. Projected transitions to employer businesses also rise, but this is dampened by a change in the composition of applications in 2020 toward applications that are more likely to be nonemployers.Citation
Dinlersoz, Emin, Timothy Dunne, John Haltiwanger, and Veronika Penciakova. 2021. "Business Formation: A Tale of Two Recessions." 蝌蚪网 Papers and Proceedings 111: 253–57. DOI: 10.1257/pandp.20211055Additional Materials
JEL Classification
- M13 New Firms; Startups
- G01 Financial Crises
- I12 Health Behavior