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What Makes an Employer?
Caliendo, Marco - 2019
As the policy debate on entrepreneurship increasingly centers on firm growth in terms of job creation, it is important to better understand which variables influence the first hiring decision and which ones influence the subsequent survival as an employer. Using the German Socioeconomic Panel...
Persistent link: https://www.econbiz.de/10012859845
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Gender Differences in Entrepreneurial Choice and Risk Aversion : A Decomposition Based on a Microeconometric Model
Fossen, Frank M. - 2009
and dependent employment are estimated separately by gender, accounting for non-random selection into the employment …Why are female entrepreneurs so rare? Women have both to a lower entry rate into self-employment and a higher exit rate … in Germany. To explain the gender gap, a structural microeconometric model of the transition rates is estimated, which …
Persistent link: https://www.econbiz.de/10014201519
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The returns to education for opportunity entrepreneurs, necessity entrepreneurs, and paid employees
Fossen, Frank M.; Büttner, Tobias J. M. - 2012
employment options. We expect differences in the returns to education between these groups because of different levels of control …
Persistent link: https://www.econbiz.de/10010310070
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Precautionary and Entrepreneurial Saving : New Evidence from German Households
Fossen, Frank M.; Rostam‐Afschar, Davud - 2009
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10014202213
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Personality characteristics and the decision to become and stay self-employed
Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - 2011
development. On the basis of a large, representative household panel survey, we examine the extent to which the Big Five traits … into self-employment and survival of self-employed persons in Germany. The empirical analysis reveals that among the …
Persistent link: https://www.econbiz.de/10010304696
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Risk attitudes and private business equity
Fossen, Frank M. - 2012
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 suggests possible future research avenues. Key...
Persistent link: https://www.econbiz.de/10010308745
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Risk Attitudes and Private Business Equity
Fossen, Frank M. - 2012
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 suggests possible future research avenues. Key...
Persistent link: https://www.econbiz.de/10013107056
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The Private Equity Premium Puzzle Revisited : New Evidence on the Role of Heterogeneous Risk Attitudes
Fossen, Frank M. - 2009
The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of...
Persistent link: https://www.econbiz.de/10013158383
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Would a Flat Tax Stimulate Entrepreneurship in Germany? : A Behavioural Microsimulation Analysis Allowing for Risk
Fossen, Frank M. - 2008
-ante effects of the German tax reform 2000 and of two hypothetical flat tax scenarios on entries into and exits out of self-employment … structural microeconometric models of transitions into and out of self-employment. These structural models include an estimated … people from choosing self-employment. This is explained by the reduction of entrepreneurs' income risk through progressive …
Persistent link: https://www.econbiz.de/10012724638
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Personality Characteristics and the Decision to Become and Stay Self-Employed
Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander - 2011
development. On the basis of a large, representative household panel survey, we examine the extent to which the Big Five traits … into self-employment and survival of self-employed persons in Germany. The empirical analysis reveals that among the … parental self-employment …
Persistent link: https://www.econbiz.de/10014184449