Investigating how non-cognitive skills—captured by traits—influence entrepreneurial behaviour helps understand why some individuals are more likely to become and remain entrepreneurs. This chapter reviews research on the relationship between personality traits and entrepreneurship. With respect to the entry decision, research finds that high scores in three of the Big Five factors (openness to experience, ...
Cross-sectional age-skill profiles suggest that cognitive skills start declining by age 30 if not earlier. If accurate, such age-driven skill losses pose a major threat to the human capital of societies with rapidly aging populations. We estimate actual age-skill profiles from individual changes in literacy and numeracy skills at different ages. We use the unique German longitudinal component of the ...
Decisions to invest in human capital depend on people's time preferences. This paper shows that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding within-country disparities. We use social-media data – Facebook interests – to construct novel regional measures of patience within Italy and the United ...
Understanding widowhood duration is essential for individuals and effective widow support policies, yet widowhood duration remains an understudied topic. In this article, we provide a quantitative estimation of the impact of three primary determinants of expected widowhood duration at age 60 in a unified framework: (1) the degree of overlap between male and female mortality distributions, (2) the spousal ...
Deutschland hat an Wettbewerbsfähigkeit verloren. Die neue Bundesregierung muss daher einen Kurswechsel in der Wirtschafts- und Finanzpolitik vollziehen. Die Lösungen liegen auf der Hand. Ein Gastbeitrag von Marcel Fratzscher. Dieser Gastbeitrag von Marcel Fratzscher erschien am 15. Februar 2025 im Tagesspiegel. Selten war der wirtschaftliche Pessimismus in Deutschland so groß wie heute. Viele der ...
