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Would a flat tax stimulate entrepreneurship in Germany? A behavioural microsimulation analysis allowing for risk

Fossen, Frank M. - 2008

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 …

Persistent link: https://www.econbiz.de/10010324255

The impact of risk attitudes on entrepreneurial survival

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - 2008

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 attitudes and the decision to become an entrepreneur,...

Persistent link: https://www.econbiz.de/10010265015

The private equity premium puzzle revisited: new evidence on the role of heterogeneous risk attitudes

Fossen, Frank M. - 2008

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/10010271074

Demand side analysis of microlending markets in Germany

Kritikos, Alexander S.; Kneiding, Christoph; … - 2009

In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate...

Persistent link: https://www.econbiz.de/10010271099

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/10010271125

Gender differences in entrepreneurial choice and risk aversion: a decomposition based on a microeconometric model

Fossen, Frank M. - 2009

Why are female entrepreneurs so rare? Women have both to a lower entry rate into selfemployment and a higher exit rate in Germany. To explain the gender gap, a structural microeconometric model of the transition rates is estimated, which includes a standard risk aversion parameter. As inputs...

Persistent link: https://www.econbiz.de/10010271131

Risky earnings, taxation and entrepreneurial choice: a microeconometric model for Germany

Fossen, Frank M. - 2007

Which role do individual income prospects play in the decision to be an entrepreneur rather than an employee? In a model of occupational choice, higher expected after-tax earnings attract people to self-employment, while more risky net earnings deter risk-averse individuals. In this paper I...

Persistent link: https://www.econbiz.de/10010273789

Is Entrepreneurial Success Predictable? An Ex-Ante Analysis of the Character-Based Approach

Caliendo, Marco; Kritikos, Alexander S. - 2007

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...

Persistent link: https://www.econbiz.de/10010274490

Entrepreneurial spillovers over space and time

Fossen, Frank M.; Martin, Thorsten - 2016

Entrepreneurship is a local and dynamic phenomenon. We jointly investigate spatial spillovers and time persistence of … persistence of start-up activity, especially in the high-tech industry. This indicates that entrepreneurship is deeply rooted in … regions and underlines the importance of local entrepreneurship culture for new business formation. …

Persistent link: https://www.econbiz.de/10011560384

How do entrepreneurial portfolios respond to income taxation?

Fossen, Frank M.; Rees, Ray; Rostam-Afschar, Davud; … - 2017

selectioninto entrepreneurship, we use changes in entry regulation into skilled trades. Estimation results are consistent with the …

Persistent link: https://www.econbiz.de/10011674103