Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85026
Authors: 
Fritsch, Michael
Kritikos, Alexander
Pijnenburg, Katharina
Year of Publication: 
2013
Series/Report no.: 
Jena Economic Research Papers 2013-011
Abstract: 
We investigate whether people become more willingly self-employed during boom periods or in recessions and to what extent it is the business cycle or the employment status influencing entry rates into entrepreneurship. Our analysis for Germany reveals that start-up activities are positively influenced by unemployment rates and that the cyclical component of real GDP has a negative effect. This implies that new business formation is counter-cyclical. Further disentangling periods of low and high unemployment periods reveals a low unemployment retard effect.
Subjects: 
business cycle
self-employment
start-up
unemployment
JEL: 
L26
E32
Document Type: 
Working Paper

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