When and how to create a job
Subtitle: survival of new jobs in Austrian firms
By: by René Böheim, Alfred M. Stiglbauer, Rudolf Winter-Ebmer.
Contributors: Stiglbauer, Alfred.; Winter-Ebmer, Rudolf.
Series: Discussion paper ;; no. 1602; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ; no. 1602
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Job creation -- Austria.
Description: "While the volatility of job reations has been studied extenseively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firms and from a macro perspective. Adjustment cost theories and arguments about option values of investment in firm expansion make predictions about the timing, sequencing and form of firm expansions. When we analyze 21 years of job creation in Austria, we find that the survival of new jobs (and of new firms) depends upon the state of the business cycle at the time of job creation, on the number of job created, and on firm age. Jobs in new firms last longer than new jobs in continuing firms"-- Forschungsinsti8tut zur Zukunft der Arbeit web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.