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Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his or her search effort on the rate at which job offers arrive. These beliefs depend in part on an individual's ...
In:
Review of Economics and Statistics
97 (2015), 1, 88-103
| Marco Caliendo, Deborah A. Cobb-Clark, Arne Uhlendorff
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The evaluation of labor market policies has become an important issue in many European countries. In recent years, a number of them have opened their administrative databases for evaluation studies. The advantages of administrative data are straightforward: they are accurate, contain a large number of observations (in some cases the whole population) and usually cover a long period of time. However, ...
In:
International Journal of Manpower
32 (2011), 7, 731-752
| Marco Caliendo, Armin Falk, Lutz C. Kaiser, Hilmar Schneider
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This study quantifies the distributional effects of the minimum wage introduced in Germany in 2015. Using detailed Socio-Economic Panel survey data, we assess changes in the hourly wages, working hours, and monthly wages of employees who were entitled to be paid the minimum wage. We employ a difference-in-differences analysis, exploiting regional variation in the “bite” of the minimum wage. At the ...
In:
Empirical Economics
64 (2023), 3, 1149-1175
| Marco Caliendo, Alexandra Fedorets, Malte Preuss, Carsten Schröder, Linda Wittbrodt
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We assess the short-term employment effects of the introduction of a national statutory minimum wage in Germany in 2015. For this purpose, we exploit variation in the regional treatment intensity, assuming that the stronger a minimum wage 'bites' into the regional wage distribution, the stronger the regional labour market will be affected. In contrast to previous studies, we draw upon detailed ...
In:
Labour Economics
53 (2018), August 2018, 46-62
| Marco Caliendo, Alexandra Fedorets, Malte Preuss, Carsten Schröder, Linda Wittbrodt
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The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that being an entrepreneur means making risky decisions; hence more risk-averse individuals are less likely to become entrepreneurs. In contrast to previous research, we are able to examine empirically whether the decision of starting a business ...
In:
Small Business Economics
32 (2009), 2, 153-167
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
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Risk attitudes influence the complete life cycle of entrepreneurs. Whereas recent research underpins the theoretical proposition of a positive correlation between risk attitudes and the decision to become self-employed, the effects on survival are not as straightforward. Psychological research posits an inverse U-shaped relationship between risk attitudes and entrepreneurial survival. On the basis ...
In:
Journal of Economic Behavior & Organization
76 (2010), 1, 45-63
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
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Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are permanently facing exchange processes in the interplay with investors, sellers, and buyers, as well as needing to ...
In:
Journal of Economic Psychology
33 (2012), 2, 394-409
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
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Based on a large, representative German household panel, we investigate to what extent the personality of individuals influences the entry decision into and the exit decision from self-employment. We reveal that some traits, such as openness to experience, extraversion, and risk tolerance affect entry, but different ones, such as agreeableness or different parameter values of risk tolerance, affect ...
In:
Small Business Economics
42 (2014), 4, 787-814
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
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As the policy debate on entrepreneurship increasingly centers on firm growth in terms of job creation, it is important to better understand which variables influence the first hiring decision and which ones influence the subsequent survival as an employer. Using the German Socio-economic Panel (SOEP), we analyze what role individual characteristics of entrepreneurs play in sustainable job creation. ...
Berlin:
DIW Berlin,
2019,
(SOEPpapers 1061)
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
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This article extends previous research about the determinants of reservation wages by analysing the effect of progressive income taxation on the ratio between reservation and net market wages. Based on micro data for Germany Socio-Economic-Panel (SOEP) we show that joint income taxation in Germany which discriminates by marital status, has a strong and highly significant impact on the reservation/market ...
In:
Applied Economics Letters
16 (2009), 9, 877 - 883
| Marco Caliendo, Ludovica Gambaro, Peter Haan