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into entrepreneurship, we use changes in entry regulation into skilled trades. Estimation results are consistent with the …
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Theory suggests that new market entrants play a special role for the creation of new technological pathways required …
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Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …
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In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...
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Despite the importance of business creation for the economy and a relevant share of new firms being started out of unemployment, most research has focused on analyzing the effect of unemployment insurance (UI) policies on reemployment outcomes that ignore self-employment. In this paper, we...
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transfer restrictions have been argued to impair start-up financing, as investors are faced with the risk of losing accumulated …, therefore, decreasing the risk for investors. …
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