Compared with the United States, European countries have, on average, larger shares of “static” firms and smaller shares of both growing and shrinking firms. [5] Low business dynamism feeds and reinforces the misallocation of resources across firms in the euro area. [6]  Empirical evidence shows that an increasing proportion of capital is concentrated in firms that are less productive.
As more people work part time, it has become increasingly common to be both employed and to work fewer hours than you want to work. In the 1960s, less than one in ten workers worked part time (Graph 1). Today, one in three of us works part time.