| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29414 |
| 来源ID | Working Paper 29414 |
| Value without Employment | |
| Simcha Barkai; Stavros Panageas | |
| 发表日期 | 2021-11-01 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Young firms' contribution to aggregate employment has been underwhelming. However, a similar trend is not apparent in their contribution to aggregate sales or aggregate stock market capitalization. We study the implications of the arrival of “low marginal - high average” revenue-product-of-labor firms in a stylized model of dynamic firm heterogeneity, and show that the model can account for a large number of facts related to the decline in “business dynamism”. We study the long-term implications of the decline in business dynamism on the economy by providing analytical results that connect the decline in dynamism to the eventual decline of consumption. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w29414 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587088 |
| 推荐引用方式 GB/T 7714 | Simcha Barkai,Stavros Panageas. Value without Employment. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29414.pdf（870KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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