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Are senior entrepreneurs happier than who? : the role of income and health

Fritsch, Michael; Sorgner, Alina; Wyrwich, Michael - 2023

We propose an extension of the standard occupational choice model to analyze the life satisfaction of senior entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status as main factors that shape the relationship between...

Persistent link: https://www.econbiz.de/10014419229

Calling Baumol: what telephones can tell us about the allocation of entrepreneurial talent in the face of radical institutional changes

Sorgner, Alina; Wyrwich, Michael - 2021

commitment to socialism reflects rent-seeking, a type of unproductive entrepreneurship. Once institutions change radically, their … entrepreneurial efforts are redirected towards productive entrepreneurship (start-up activity). Regime commitment is captured by … that this group of people were more likely to have an entrepreneurship- prone personality profile, had a higher propensity …

Persistent link: https://www.econbiz.de/10012550208

Types of institutions and well-being of self-employed and paid employees in Europe

Fritsch, Michael; Sorgner, Alina; Wyrwich, Michael - 2019

This paper analyzes the role of different types of institutions, such as entrepreneurship-facilitating entry conditions …

Persistent link: https://www.econbiz.de/10012006084

"I Think I Can, I Think I Can": Overconfidence and Entrepreneurial Behavior

Köllinger, Philipp; Minniti, Maria; Schade, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

Many firms fail shortly after inception. Yet individuals continue starting businesses. Prewar economists such as Keynes invoked animal spirits and stressed psychological factors in their explanations of economic behavior. Using a large sample obtained from surveys conducted in 18 countries, we...

Persistent link: https://www.econbiz.de/10005068936

Entrepreneurial Overconfidence: Evidence from a C.A.R.T. Approach

Köllinger, Philipp; Minniti, Maria; Schade, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

We use a sample of 18 countries to study what variables have a significant impact on an individual's decision to start a new business and classification and regression trees for an accurate interpretation of the data. Our results support existing literature suggesting the existence of strong...

Persistent link: https://www.econbiz.de/10005069086

The Long Persistence of Regional Entrepreneurship Culture: Germany 1925 - 2005

Fritsch, Michael; Wyrwich, Michael - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist …

Persistent link: https://www.econbiz.de/10010896194