Student Seminar #7: The Growth Potential of Startups over the Business Cycle

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Date	Time	Presenter	Location
Monday, May 06, 2019 (16 Ordibehesht 1398)	12:30 – 13:30	Ramtin Salamat	Khatam University (@ 17 Daneshvar), 7th Floor, Seminar Room

“This paper shows that employment in cohorts of US firms is strongly influenced by aggregate conditions at the time of their entry. Employment fluctuations of startups are procyclical, they persist into later years, and cohort-level employment variations are largely driven by differences in firm size, rather than the number of firms. An estimated general equilibrium firm dynamics model reveals that aggregate conditions at birth, rather than post-entry choices, drive the majority of cohort-level employment variation by affecting the share of startups with high growth potential. In the aggregate, changes in startup conditions result in large, slow-moving fluctuations in employment.”

Required Reading(s)

The Growth Potential of Startups over the Business Cycle

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