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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

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

The Returns to Education for Opportunity Entrepreneurs, Necessity Entrepreneurs and Paid Employees

Fossen, Frank M.; Büttner, Tobias - 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/10014165660

Equality of Opportunity : East vs. West Germany

Peichl, Andreas - 2015

The case of German reunification has been subject to extensive research on earnings inequality and labor market integration. however, little is known about the development of equality of opportunity (EOp) in East and West Germany after 1990. Using German micro data, we empirically analyze how...

Persistent link: https://www.econbiz.de/10013010910

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

Does Size Matter? The Impact of Changes in Household Structure on Income Distribution in Germany

Peichl, Andreas - 2013

increasing while, second, the average household size has been declining dramatically. The analysis of income distribution relies … on equivalence-weighted incomes which take into account household size. Therefore, there is an obvious link between these …

Persistent link: https://www.econbiz.de/10013094941

Trust, Positive Reciprocity, and Negative Reciprocity : Do These Traits Impact Entrepreneurial Dynamics?

Caliendo, Marco - 2011

Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are...

Persistent link: https://www.econbiz.de/10013131717

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

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

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