earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …

When possible income tax reforms are debated, the suspected impact on entrepreneurship is often used as an argument in … entrepreneurship based on microeconometric research have not been provided by the literature, however. This paper estimates the ex … parameter of risk aversion. The simulation results indicate that flatter tax systems do not encourage, but rather discourage …

Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … comparably low returns and high risk? This paper connects several streams of literature to shed some light on this puzzle and … financial markets and that entrepreneurs are less risk-averse than the rest of the population. A focus of this paper is …

entrepreneurship in Germany between 1991 and 2010, the first two decades after reunification. We investigate the socioeconomic …

Risk attitudes have an impact on not only the decision to become an entrepreneur but also the survival and failure … rates of entrepreneurs. Whereas recent research underpins the theoretical proposition of a positive correlation between risk … posits an inverse U-shaped relationship between risk attitudes and entrepreneurial survival. On the basis of recent waves of …