DP912 | Job Creation and Job Destruction in Britain: 1980-90

Publication Date

28/02/1994

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Abstract

This paper characterizes the processes of job creation and job destruction (JC&D) in Britain, and provides more `stylized facts' to hold up against models of JC&D. The analysis is based on three large cross-sections of continuing plants in Britain. The issues examined include the diversity of employment growth rates and the correspondingly substantial JC&D rates. We show that both job creation <MI>and<D> destruction are extremely concentrated. The top decile of job creators seem to be made up of large firms growing moderately and medium-sized firms growing rapidly.