Private sector employment growth 1998-2004: a panel analysis of British Workplaces

Publication date: 11 Jan 2011 | Publication type: Journal article/book/chapter | Theme: Employment & Social policy | NIESR Author(s): Bryson, A | External Author(s): Nurmi, S. | JEL Classification: J21, J23 | Journal: Cambridge Journal of Economics No. 1 Vol. 35

We explore factors affecting workplace survival and growth using nationally representative panel data for the British private sector. We address five policy-relevant questions. First, are young workplaces more vulnerable to closure and low growth than older Ôlike' workplaces? Second, are stand-alone workplaces more vulnerable than those belonging to multi-site firms? Third, do firms' human capital investments enhance survival and growth prospects? Fourth, do those who innovate go on to be more successful? Fifth, is there any evidence of creative job destruction? We discuss the implications for policy.

Keyword tags: 
workplace closure, employment growth, human capital, sunk costs

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