Entrepreneurship, Job Creation, and Wage Growth

Research output: Working paper › Research

Standard

Entrepreneurship, Job Creation, and Wage Growth. / Malchow-Møller, Nikolaj; Schjerning, Bertel; Sørensen, Anders.

Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen, 2009.

Research output: Working paper › Research

Harvard

Malchow-Møller, N, Schjerning, B & Sørensen, A 2009 'Entrepreneurship, Job Creation, and Wage Growth' Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen.

APA

Malchow-Møller, N., Schjerning, B., & Sørensen, A. (2009). Entrepreneurship, Job Creation, and Wage Growth. Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen.

Vancouver

Malchow-Møller N, Schjerning B, Sørensen A. Entrepreneurship, Job Creation, and Wage Growth. Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen. 2009.

Author

Malchow-Møller, Nikolaj ; Schjerning, Bertel ; Sørensen, Anders. / Entrepreneurship, Job Creation, and Wage Growth. Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen, 2009.

Bibtex

@techreport{1f74c3a0e3b311ddbf70000ea68e967b,
title = "Entrepreneurship, Job Creation, and Wage Growth",
abstract = "This paper analyses the importance of entrepreneurs for job creation and wage growth. Relying on unique data that cover all establishments, firms and individuals in the Danish private sector, we are able to distil a number of different subsets from the total set of new establishments - subsets which allow us to more precisely capture the {"}truly new{"} or {"}entrepreneurial{"} establishments than in previous studies. Using these data, we find that while new establishments in general account for one third of the gross job creation in the economy, entrepreneurial establishments are responsible for around 25% of this, and thus only account for about 8% of total gross job creation in the economy. However, entrepreneurial establishments seem to generate more additional jobs than other new establishments in the years following entry. Finally, the jobs generated by entrepreneurial establishments are to a large extent low-wage jobs, as they are not found to contribute to the growth in average wages.",
keywords = "Faculty of Social Sciences, entrepreneurial establishments",
author = "Nikolaj Malchow-M{\o}ller and Bertel Schjerning and Anders S{\o}rensen",
note = "JEL-classification: L26, J21, J31",
year = "2009",
language = "English",
publisher = "Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen",
type = "WorkingPaper",
institution = "Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - Entrepreneurship, Job Creation, and Wage Growth

AU - Malchow-Møller, Nikolaj

AU - Schjerning, Bertel

AU - Sørensen, Anders

N1 - JEL-classification: L26, J21, J31

PY - 2009

Y1 - 2009

N2 - This paper analyses the importance of entrepreneurs for job creation and wage growth. Relying on unique data that cover all establishments, firms and individuals in the Danish private sector, we are able to distil a number of different subsets from the total set of new establishments - subsets which allow us to more precisely capture the "truly new" or "entrepreneurial" establishments than in previous studies. Using these data, we find that while new establishments in general account for one third of the gross job creation in the economy, entrepreneurial establishments are responsible for around 25% of this, and thus only account for about 8% of total gross job creation in the economy. However, entrepreneurial establishments seem to generate more additional jobs than other new establishments in the years following entry. Finally, the jobs generated by entrepreneurial establishments are to a large extent low-wage jobs, as they are not found to contribute to the growth in average wages.

AB - This paper analyses the importance of entrepreneurs for job creation and wage growth. Relying on unique data that cover all establishments, firms and individuals in the Danish private sector, we are able to distil a number of different subsets from the total set of new establishments - subsets which allow us to more precisely capture the "truly new" or "entrepreneurial" establishments than in previous studies. Using these data, we find that while new establishments in general account for one third of the gross job creation in the economy, entrepreneurial establishments are responsible for around 25% of this, and thus only account for about 8% of total gross job creation in the economy. However, entrepreneurial establishments seem to generate more additional jobs than other new establishments in the years following entry. Finally, the jobs generated by entrepreneurial establishments are to a large extent low-wage jobs, as they are not found to contribute to the growth in average wages.

KW - Faculty of Social Sciences

KW - entrepreneurial establishments

M3 - Working paper

BT - Entrepreneurship, Job Creation, and Wage Growth

PB - Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen

ER -

ID: 9769436