Job gains and losses at large and small firms during the Great Recession

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Juan M. Sánchez; Lowell R. Ricketts;
  • Subject: Job creation ; Recessions

Conventional wisdom says that employment at small firms declines more than employment at large firms during recessions. However, that doesn’t seem to have been the case during the Great Recession of 2007-09.
  • References (14)
    14 references, page 1 of 2

    1 to 4 employees

    1,000 or more employees

    1 to 4 employees

    1,000 or more employees

    the 2008-09 Recession Relative to 2006-07

    1 Gertler and Gilchrist define small and large

    ifrms below the 30th percentile and large

    2 hTis is even more surprising as Şahin et al.

    3 See Kacperczyk and Schnabl.

    Gertler, Mark; and Gilchrist, Simon. “Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms.” Quarterly Journal of Economics, May 1994, Vol. 109, No. 2, pp. 309-40.

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