The in°uence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that being an entrepreneur means making risky decisions in uncertain environments; hence more risk-averse individuals are less likely to...

Die Existenzgründungsförderung für Arbeitslose gewinnt als arbeitsmarktpolitisches Instrument in Deutschland zunehmend an Bedeutung. Mit der Einführung des Existenzgründungszuschusses (ExGZ) zum 1.1.2003 steht gründungswilligen Arbeitslosen – neben dem Überbrückungsgeld (ÜG) – nun...

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...

Knapp zwei Jahre lang wurde im Auftrag des Bundesministeriums für Arbeitund Soziales die Wirksamkeit der Instrumente analysiert, die die KommissionModerne Dienstleistungen am Arbeitsmarkt im Jahre 2002 vorgeschlagenhatte, und die nachfolgend als „Hartz-Reformen“ umgesetzt worden...

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,...

The German government has spent between 7bn and 11bn Euro per year on active labor market policies (ALMP) in East Germany in the last decade. The effectiveness of the most important programs (in terms of participants and spending) such as job-creation schemes and vocational training has been...

The influence of risk aversion on the decision to become self-employed is a much discussedtopic in the entrepreneurial literature. Conventional wisdom asserts that the role model of anentrepreneur requires to make risky decisions in uncertain environments and hence thatmore risk-averse...

"Previous empirical studies of job creation schemes in Germany have shown that the average effects for the participating individuals are negative. However, we find that this is not true for all strata of the population. Identifying individual characteristics that are responsible for the effect...

"Job creation schemes (JCS) have been one important programme of active labour market policy (ALMP) in Germany for a long time. They aim at the re-integration of hard-to-place unemployed into regular employment. A thorough microeconometric evaluation of these programmes was hindered by the fact,...

"Job creation schemes (JCS) have been one important programme of active labour market policy (ALMP) in Germany for a long time. They aim at the re-integration of hard-to-place unemployed into regular employment. A thorough microeconometric evaluation of these programmes was hindered by the fact,...