Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21489 
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dc.contributor.authorWagner, Joachimen
dc.date.accessioned2009-01-28T16:22:52Z-
dc.date.available2009-01-28T16:22:52Z-
dc.date.issued2002-
dc.identifier.urihttp://hdl.handle.net/10419/21489-
dc.description.abstractThe focus of this paper is on the choice of the unemployed between becoming anentrepreneur 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 nonlinearmodels 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. Allthese impacts are not only statistically significant, but economically important, too.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x468en
dc.subject.jelR12en
dc.subject.jelJ23en
dc.subject.ddc330en
dc.subject.keywordentrepreneurshipen
dc.subject.keywordunemploymenten
dc.subject.keywordGermanyen
dc.subject.keywordregional milieuen
dc.subject.stwSelbständigeen
dc.subject.stwUnternehmeren
dc.subject.stwArbeitslosigkeiten
dc.subject.stwRisikoaversionen
dc.subject.stwSoziale Rolleen
dc.subject.stwSoziale Werteen
dc.subject.stwRegionen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleThe Impact of Risk Aversion, Role Models, and the Regional Milieu on the Transition from Unemployment to Self-Employment: Empirical Evidence for Germany-
dc.typeWorking Paperen
dc.identifier.ppn845479717en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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