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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
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This paper applies semiparametric regression models to shed light on the relationship between body weight and labor market outcomes in Germany. We find conclusive evidence that these relationships are poorly described by linear or quadratic OLS specifications, which have been the main approaches in previous studies. Women’s wages and employment probabilities do not follow a linear relationship and ...
In:
Economics & Human Biology
23 (2016), December 2016, 209-225
| Marco Caliendo, Markus Gehrsitz
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Entrepreneurial persistence is demonstrated by an entrepreneur’s continued positive maintenance of entrepreneurial motivation and constantly renewed active engagement in a new business venture despite counterforces or enticing alternatives. It thus is a crucial factor for entrepreneurs when pursuing and exploiting their business opportunities and in realizing potential economic gains and benefits. ...
In:
Journal of Small Business Management
58 (2020), 3, 617-647
| Marco Caliendo, Maximilian Goethner, Martin Weißenberger
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Fostering and supporting start-up businesses by unemployed persons has become an increasingly important issue in many European countries. These new ventures are being subsidized by various governmental programs. Empirical evidence on skillcomposition, direct job creation and other key variables is rather scarce, largely because of inadequate data availability. We base our analysis on unique survey ...
In:
Small Business Economics
35 (2010), 1, 71-92
| Marco Caliendo, Alexander S. Kritikos
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This paper focuses on re-examining the gender wage gap and the potential role that reservation wages play. Based on two waves of rich data from the IZA Evaluation Dataset Survey we examine the importance of gender differences in reservation wages to explain the gender gap in realized wages for a sample of newly unemployed individuals actively searching for a full-time job in Germany. The dataset includes ...
Bonn:
Institute for the Study of Labor (IZA),
2014,
(IZA DP No. 8305)
| Marco Caliendo, Wang-Sheng Lee, Robert Mahlstedt