The distribution of economic activity across firms and the decline in the firm start up rate

Project Summary:

Over the past several decades, the firm start-up rate has declined substantially while at the same time the number of unique business locations that belong to the largest firms also increased significantly. Using a combination of empirical analysis and modeling, the researcher will explore how these trends affect consumer welfare and productivity growth. We see this as an important contribution to a live question in the innovation space that also has implications for policymakers seeking to increase the firm start-up rate and spur local business activity.


Hannah Rubinton is a Ph.D. student in Economics at Princeton University. She has previously worked as a research analyst at the Federal Reserve Bank of New York. She graduated from McGill University with First Class Honors and a B.A. in Mathematics and Economics.