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

Author(s):	David Blanchflower, Simon Burgess
Publication Date:	February 1994
Keyword(s):	Growth of Firms, Job Creation, Job Destruction, Reallocation
JEL(s):	E32, J23, J63
Programme Areas:	Human Resources
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=912

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 and 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.