This paper systematically investigates whether different kinds of personality characteristics influence entrepreneurial development. On the basis of a large, representative household panel survey, we examine the extent to which the Big Five traits and further personality characteristics, which...

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...

Tax competition for the mobile factor capital has led to a trend in many countries to levy lower taxes on interest income, often introducing differential taxation between interest and business income. In this study, we analyze the effect of such differential taxation on the debt ratio of firms....

What began as a financial crisis in the United States in 2007-2008 quickly evolved into a massive crisis of the global real economy. We investigate the importance of the bank lending and firm borrowing channel in the international transmission of bank distress to the real economy - in...

Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by 'competing' on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. This...

Zwischen 2007 und 2012 haben wir die Lebensentwürfe und Lebensverläufe von jungen Frauen und Männern verfolgt. Heute sind die Befragten 21 bis 34 Jahre alt. Welche Einstellungen haben sie zu Familie, Arbeit und Leben? Wie haben sich ihre Hoffnungen, Träume und Pläne über die Zeit...

Begünstigt freiwilliges Engagement die Integration von Wiedereinsteigerinnen in das Erwerbsleben? In Wissenschaft und Politik wird vermehrt diskutiert, wie Frauen, besonders nach familienbedingten Erwerbsunterbrechungen, schneller in den Arbeitsmarkt integriert werden können. Aus politischer...

We assess the relevance of formal education for the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...

To assess the influence of nonstandard employment for the labor market participation of different demographic groups, we provide detailed descriptions of the development of atypical employment in comparison to standard employment, unemployment, and economic inactivity between 1996 and 2011. In...