Who Creates Stable Jobs? Evidence from Brazil
利用巴西雇主-雇员关联数据，研究发现企业年龄比规模更能决定就业创造，但年轻企业退出率高、就业波动大；若考虑稳定性，年轻企业和大型企业创造的稳定就业更多。
Abstract Recent research shows that start‐ups are important for job creation, but these firms are also inherently volatile. We use linked employer–employee data to examine the relative importance of firm age and firm size for job creation and destruction in Brazil. Firm age is a more important determinant of job creation in Brazil than firm size; young firms and start‐ups create a relatively high number of jobs. However, young firms are also more likely to exit the market and have higher levels of employment volatility. We, therefore, condition the job creation analysis on job stability. Young firms and large firms create relatively more stable jobs in Brazil.