Journal Article
Puzzlingly Divergent Trends in Household Wealth and Business Formation
Glover, Andrew; Barnette, Justin (2021-05-27)
The rate of new business formation has declined sharply in recent decades, raising concerns among economists about job and productivity growth. This observed decline in business formation is likely to be juxtaposed to changes in characteristics such as household wealth that affect households’ propensity to become entrepreneurs. Economic theories of business formation suggest that wealthier households are more likely to start a business because wealth allows them to more easily reach a profitable scale.Justin Barnette and Andrew Glover use data from the Panel Study of Income Dynamics from ...
Economic Review , Volume 106 , Issue no.2 , Pages 5-16

Journal Article
The COVID-19 New Business Boom
Vandenbroucke, Guillaume; Yin, Victoria (2022-03-21)
Business applications increased across all sectors in the 12 months after February 2020, but the retail trade sector saw the largest increase.
Economic Synopses , Issue 6 , Pages 1-2

Journal Article
Just How Important Are New Businesses?
Drautzburg, Thorsten (2016-10)
New businesses are major job generators, so disappointing trends in firm formation have raised concern. Thorsten Drautzburg discusses why at least some of the worry might be misplaced.
Economic Insights , Volume 1 , Issue 4 , Pages 1-7