U.S. Economic Performance


The Other Aging of America: The Increasing Dominance of Older Firms

July 31, 2014, Ian Hathaway and Robert E. Litan

Robert Litan and Ian Hathaway have found that incumbent, entrenched firms in all sectors of the economy and throughout all areas of the United States represent a larger share of all firms than at any time in the past two decades, which could have negative consequences such as lower productivity, less innovation, and fewer new jobs created.

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