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dc.contributor.authorWagner, Joachimen_US
dc.date.accessioned2009-01-28T16:22:52Z-
dc.date.available2009-01-28T16:22:52Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/21489-
dc.description.abstractThe focus of this paper is on the choice of the unemployed between becoming an entrepreneur or not. It contributes to the literature by empirically investigating two hitherto neglected issues: What is the impact of risk aversion and personal contact with a role model in shaping the decision to become an entrepreneur (controlling for standard demographic variables, i.e. sex, age, and education)? And given the personal characteristics and attitudes, how does the regional 'entrepreneurial milieu' affect the decision to start a new business out of unemployment? The econometric study is based on data from a recent representative survey of the population in ten German planning regions. We use a version of the probit model that takes care of the regional stratification of the data, and the results of the nonlinear models are carefully interpreted and illustrated. We show that a high degree of risk aversion, and lack of personal contact with a young entrepreneur, both reduce the probability of starting one's own business. A favourable 'regional entrepreneurial milieu' (proxied by higher levels of current start-up activity and larger shares of unemployed among the starters in a region) has a positive effect on the individual propensity to step into self-employment. All these impacts are not only statistically significant, but economically important, too.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 468en_US
dc.subject.jelR12en_US
dc.subject.jelJ23en_US
dc.subject.ddc330en_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordGermanyen_US
dc.subject.keywordregional milieuen_US
dc.subject.stwSelbständigeen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwRisikoaversionen_US
dc.subject.stwSoziale Rolleen_US
dc.subject.stwSoziale Werteen_US
dc.subject.stwRegionen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe Impact of Risk Aversion, Role Models, and the Regional Milieu on the Transition from Unemployment to Self-Employment: Empirical Evidence for Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn350006237en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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