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This paper analyses the importance of entrepreneurs for job creation and wage growth. Relying on unique data that cover all establishments, firms and individuals in the Danish private sector, the authors are able to distil a number of different subsets from the total set of new establishments - subsets which allow them to more precisely capture the "Truly new" or "Entrepreneurial" establishments than in previous studies. Using these data, they find that while new establishments in general account for one third of the gross job creation in the economy, entrepreneurial establishments are responsible for around 25% of this, and thus only account for about 8% of total gross job creation in the economy.
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