Varying-coefficient models are used to examine how time modifies initial risk factors in the newly founded firm. Start-up risk factors studied include the prevailing market, the experience and age of the founder, preparation before the firm launch, and the financial frame and legal form of the...

Unemployment is a central issue in modern economies and its analysis and investigation consists of two aspects. First, what is the risk of getting unemployed based on economic, local and individual characteristics and second, what is the chance of getting reemployed. In this paper we focus on...