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dc.contributor.authorBauernschuster, Stefanen_US
dc.contributor.authorFalck, Oliveren_US
dc.contributor.authorGold, Roberten_US
dc.contributor.authorHeblich, Stephanen_US
dc.date.accessioned2009-07-21en_US
dc.date.accessioned2010-05-14T11:14:38Z-
dc.date.available2010-05-14T11:14:38Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/31791-
dc.description.abstractThis paper investigates the impact of implicit institutions on the decision to become an entrepreneur. Implicit institutions are here defined as mindsets that have developed as the result of norms and traditions and we expect they will have an influence on risk attitudes and opportunity recognition. We conduct a natural experiment based on Germany’s recent history and compare individuals born and raised in the former socialist East Germany (GDR) with their West Germany (FRG) counterparts. Our analysis confirms the expected difference in values between individuals from East and West Germany and also shows that these differences influence the probability of being self-employed. In the process of our analysis, we also sketch the ongoing economical transition process in East Germany, which severely disturbs a proper analysis of the institutional differences from a macro-perspective.en_US
dc.language.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2009,044en_US
dc.subject.jelL26en_US
dc.subject.jelA13en_US
dc.subject.jelP39en_US
dc.subject.ddc330en_US
dc.subject.keywordImplicit Institutionsen_US
dc.subject.keywordEntrepreneurshipen_US
dc.subject.keywordSocialismen_US
dc.subject.keywordCapitalismen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwSelbstständigeen_US
dc.subject.stwBerufswahlen_US
dc.subject.stwSoziale Werteen_US
dc.subject.stwInstitutionelle Infrastrukturen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwNeue Bundesländeren_US
dc.subject.stwVergleichen_US
dc.subject.stwAlte Bundesländeren_US
dc.subject.stwDeutschlanden_US
dc.titleThe shadows of the past: how implicit institutions influence entrepreneurshipen_US
dc.typeWorking Paperen_US
dc.identifier.ppn605058520en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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