TY  - JOUR
A1  - Fackler, Daniel
A1  - Hölscher, Lisa
A1  - Schnabel, Claus
A1  - Weyh, Antje
T1  - Does working at a start‑up pay off?
T2  - Small business economics
N2  - Using representative linked employer-employee data for Germany, this paper analyzes short- and long-run differences in labor market performance of workers joining start-ups instead of incumbent firms. Applying entropy balancing and following individuals over ten years, we find huge and long-lasting drawbacks from entering a start-up in terms of wages, yearly income, and (un)employment. These disadvantages hold for all groups of workers and types of start-ups analyzed. Although our analysis of different subsequent career paths highlights important heterogeneities, it does not reveal any strategy through which workers joining start-ups can catch up with the income of similar workers entering incumbent firms.
KW  - Start-ups
KW  - Young firms
KW  - Wages
KW  - Linked employer-employee data
KW  - Germany
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/63559
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-635590
SN  - 1573-0913
N1  - Early View: Online Version before inclusion in an issue
N1  - Open Access funding enabled and organized by Projekt DEAL.
VL  - 2021
PB  - Springer Science + Business Media B.V.
CY  - Dordrecht [u.a.]
ER  -