Adam K. Korobow

Entrepreneurial Wage Dynamics in the Knowledge Economy (eBook, PDF)

• Format: PDF

Produktbeschreibung

The role that small firms and entrepreneurship play in economic development has been particularly contentious. Joseph Schumpeter (1911), in his early work, argued that through a process of "creative destruction," small and new firms would serve as agents of change and a catalyst for innovation and growth. But, he later rescinded this view, instead concluding that large corporations were the engines of growth. Just as it seemed that a consensus had emerged among scholars and policy makers that small business was at best superfluous and at worst a drag on growth and economic development, David Birch provided evidence that, in fact, small firms were the engines of job creation. The early skepticism of challenge to Birch's findings revolved around methodology and measurement. However, a wave of subsequent studies by different authors, spanning different time periods, sectors, and even countries, generally confirmed Birch's original findings-for most developed countries and in most time periods, small business has provided most of the job creation.

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Produktdetails

• Verlag: Springer US
• Seitenzahl: 125
• Erscheinungstermin: 6. Dezember 2012
• Englisch
• ISBN-13: 9781461511212
• Artikelnr.: 44053223

Inhaltsangabe

List of Figures. List of Tables. Foreword. Acknowledgements. 1. New Firms, Wages, and the Knowledge Economy. 2. Review of the Literature. 3. Firm-Size, Wages, and the Role of Knowledge. 4. Measurement: The Data Base. 5. Measuring and Comparing the Wage Trajectories of New and Small Firms in Different Sectors: Does Knowledge Intensity Play a Role? 6. Conclusions and Findings. Index.

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1 New Firms, Wages, and the Knowledge Economy.- 1. The Relationship Between Firm Size and Wages.- 2. Research Objective.- 2 Review of the Literature.- 1. Context of the Research.- 2. Documenting the Firm-Size Wage Differential.- 3. Worker, Industry, and Firm-Size Effects.- 4. Alternate Views of the Role of New Firms.- 5. Classifying Knowledge and Non-Knowledge Industries.- 6. Conclusions.- 3 Firm-Size, Wages, and the Role of Knowledge.- 1. Firm-Size and Wages in a Dynamic Context.- 2. Policy Perspective.- 3. Determinants of Wage Trajectories.- 4. Conclusions.- 4 Measurement: The Data Base.- 1. Overview of the Data Sets Used.- 2. Development of the Longitudinal Sector Cohorts.- 3. Measuring Knowledge.- 4. Cross-Sectional Descriptive Statistics for Wages and Employment.- 5. A Non-Parametric Analysis of New Firm Wage Trajectories.- 6. Employment, Growth, and Wage Dynamics.- 7. Conclusions.- 5 Measuring and Comparing the Wage Trajectories of New and Small Firms in Different Sectors: Does Knowledge Intensity Play a Role?.- 1. Introduction.- 2. Estimating Wage Trajectories.- 3. Selection.- 4. Wage Path Estimates.- 5. Comparing Wage Paths Across Firm Size and Sector.- 6. Knowledge Indicators and Wage Trajectories of New Firms.- 7. Specification of the Empirical Models.- 8. Empirical Results.- 9. Conclusions.- 6 Conclusions and Findings.- 1. Summary of Findings.- 2. Limitations of the Research.- 3. Implications and Future Research.- 4. A Final Perspective.- References.