This paper investigates whether small businesses face financial constraints that affect their survival. A model of moral hazard is developed in which financial constraints arise endogenously. The model predicts that higher private assets relax financial constraints and have a positive effect on the firm’s probability of survival. The empirical analysis confirms that the entrepreneur has a higher propensity ...
Die Struktur der Erwerbsformen auf dem deutschen Arbeitsmarkt unterliegt einem stetigen Wandel. Der zentrale Trend dieses Wandels besteht in der zunehmenden Bedeutung flexibler sogenannter „atypischer“ Beschäftigungsverhältnisse bei gleichzeitigem Bedeutungsverlust des „Normalarbeitsverhältnisses“. Dabei wird häufig die These vertreten, dass die Arbeitsmarktreformen der letzten Jahre diesen Trend noch ...
In principle, the SOEP is a highly adequate data source for analyzing the socio-economic background of temporary agency workers. In this paper, it’s argued that on second glance, the SOEP’s temp worker variable shows severe problems with data quality. An easy-to-use adjustment procedure is proposed that alleviates the problem, but is not an encompassing solution. Therefore, it is concluded that in ...