caa a22 4500 445877359 CHVBK 20180317145531.0 cr unu---uuuuu 170323e20110401xx s 000 0 eng 10.1007/s11187-009-9218-2 doi (NATIONALLICENCE)springer-10.1007/s11187-009-9218-2 The direct employment effects of new businesses in Germany revisited: an empirical investigation for 1976-2004 [Elektronische Daten] [Yvonne Schindele, Antje Weyh] Based on an improved and extended database, the Establishment History Panel, we extend the analysis of Fritsch and Weyh [Small Business Economics 27(2), 245-260 (2006)] by investigating the development of employment in German start-up cohorts for the period 1976 to 2004. We confirm the typical pattern found in start-up cohorts: an initial increasing number of employees that is soon followed by a decreasing number. We also provide some of the first evidence for the "liability of aging” phenomena in Germany. Older firms face a relatively high risk of exit. We find that most entries with relatively large initial employment grow substantially in the first two decades. However, these businesses suffer from a considerable employment decline after 25years. Springer Science+Business Media, LLC., 2009 Employment change nationallicence Liability of aging nationallicence New firms nationallicence Start-up cohorts nationallicence Schindele Yvonne Friedrich Schiller University Jena, Jena, Germany aut Weyh Antje Institute for Employment Research (IAB), Federal Employment Agency, IAB Regional Saxony, Chemnitz, Germany aut Small Business Economics Springer US; http://www.springer-ny.com 36/3(2011-04-01), 353-363 0921-898X 36:3<353 2011 36 11187 https://doi.org/10.1007/s11187-009-9218-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11187-009-9218-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Schindele Yvonne Friedrich Schiller University Jena, Jena, Germany aut NATIONALLICENCE 700 1- Weyh Antje Institute for Employment Research (IAB), Federal Employment Agency, IAB Regional Saxony, Chemnitz, Germany aut NATIONALLICENCE 773 0- Small Business Economics Springer US; http://www.springer-ny.com 36/3(2011-04-01), 353-363 0921-898X 36:3<353 2011 36 11187 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer