This book reviews the empirical research on job creation and destruction by S. J. Davis, J. C. Haltiwanger, and S. Schuh. It discusses the importance of job creation and destruction in the economy, as they influence income distribution and employment. The book highlights the limitations of traditional measures of employment change at the industry level, which do not capture the reallocation of jobs and labor among firms and plants. Instead, it focuses on changes at the plant level, where job creation is the birth of a new plant or expansion of existing ones, and job destruction is the contraction or closure of a plant. The book examines the dynamics of job creation and destruction in the U.S. manufacturing sector, using longitudinal data from the U.S. Census Bureau. It discusses the macroeconomic implications of job creation and destruction over the business cycle, the structure of job creation, and the micro aspects of job creation. The authors find that recessions are characterized by a sharp increase in job destruction, while job creation slows down. However, not all firms respond the same way during downturns, and there is heterogeneity in firm behavior. The book also explores the role of small firms in job creation, noting that while small firms may create a disproportionate share of jobs, this is not always the case. It discusses the implications of job reallocation for worker flows and the reallocation of resources among firms. The authors argue that policies focusing on the creation of new firms are more effective in promoting structural change and employment gains than job-retention policies. The book also addresses the issue of heterogeneity in job creation and destruction outcomes, noting that most job creation and destruction occurs among a small number of plants. It highlights the importance of longitudinal data in understanding the dynamics of job creation and destruction and the need for better data sources to capture these processes. The authors conclude that targeted policies based on firm size or industry may be ineffective due to the heterogeneity of outcomes and the complexity of job creation and destruction processes. The book provides a comprehensive review of the literature on job creation and destruction and offers insights into the economic and policy implications of these processes.This book reviews the empirical research on job creation and destruction by S. J. Davis, J. C. Haltiwanger, and S. Schuh. It discusses the importance of job creation and destruction in the economy, as they influence income distribution and employment. The book highlights the limitations of traditional measures of employment change at the industry level, which do not capture the reallocation of jobs and labor among firms and plants. Instead, it focuses on changes at the plant level, where job creation is the birth of a new plant or expansion of existing ones, and job destruction is the contraction or closure of a plant. The book examines the dynamics of job creation and destruction in the U.S. manufacturing sector, using longitudinal data from the U.S. Census Bureau. It discusses the macroeconomic implications of job creation and destruction over the business cycle, the structure of job creation, and the micro aspects of job creation. The authors find that recessions are characterized by a sharp increase in job destruction, while job creation slows down. However, not all firms respond the same way during downturns, and there is heterogeneity in firm behavior. The book also explores the role of small firms in job creation, noting that while small firms may create a disproportionate share of jobs, this is not always the case. It discusses the implications of job reallocation for worker flows and the reallocation of resources among firms. The authors argue that policies focusing on the creation of new firms are more effective in promoting structural change and employment gains than job-retention policies. The book also addresses the issue of heterogeneity in job creation and destruction outcomes, noting that most job creation and destruction occurs among a small number of plants. It highlights the importance of longitudinal data in understanding the dynamics of job creation and destruction and the need for better data sources to capture these processes. The authors conclude that targeted policies based on firm size or industry may be ineffective due to the heterogeneity of outcomes and the complexity of job creation and destruction processes. The book provides a comprehensive review of the literature on job creation and destruction and offers insights into the economic and policy implications of these processes.