Turning unemployment into self-employment has become an increasingly important part of active labor market policies (ALMP) in many OECD countries. Germany is a good example where the spending on start-up subsidies for the unemployed accounted for nearly 17% of the total spending on ALMP in 2004....

Support schemes for unemployed persons aiming to become self-employed have been recently reformed several times. In 2003, the start-up-subsidy (Existenzgründungszuschuss) was added to the existing bridging-allowance (Überbrückungsgeld) and the two programs to-gether led to a strong increase...

Turning unemployment into self-employment has become a major focus of German active labour market policy (ALMP) in recent years. If effective, this would not only reduce Germany?s persistently high unemployment rate, but also increase its notoriously low self-employment rate. Empirical evidence...

This paper empirically analyzes whether the character-based approach, which is based on the personality structure and the human capital of business founders, allows prediction of entrepreneurial success. A unique data set is used consisting of 414 previously unemployed persons whose personal...