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Pré-publication, Document de travail Année : 2020

The age distribution of business firms

Résumé

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.
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Dates et versions

halshs-03040286, version 1 (04-12-2020)

Identifiants

  • HAL Id : halshs-03040286 , version 1

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Flavio Calvino, Daniele Giachini, Mattia Guerini. The age distribution of business firms. 2020. ⟨halshs-03040286⟩
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Dernière date de mise à jour le 07/04/2024
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