James Harrigan, Ariell Reshef, Farid Toubal, 06 July 2016

Job polarisation has been documented in many large developed economies over the past two decades. This column shows how the growth of ICT has contributed to these trends. Using French firm-level data, it documents the declining share of middle-wage jobs, and identifies an increase in the share of technology-related jobs as an important contributing factor. Firms with more ‘techies’ are also found to grow faster than less techie-intensive firms.

Ryan Decker, John Haltiwanger, Ron Jarmin, Javier Miranda, 19 March 2016

Recent evidence suggests that transformational entrepreneurial firms – those that introduce major innovations and make substantial contributions to growth – have been in decline. This column uses US micro data to explore the behaviour of high-growth young firms between 1980 and 2010. A decline in young firm activity in the 1980s and 1990s was dominated by young firms in the retail trade sector. In the post-2000 period, in contrast, a sharp decline in high-growth young businesses in key innovative sectors like high tech suggests there has been a decline in transformational entrepreneurs in this sector. 

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