@article{CaliendoCobbClarkUhlendorff2015,
  author    = {Caliendo, Marco and Cobb-Clark, Deborah A. and Uhlendorff, Arne},
  title     = {Locus of control and job search strategies},
  series = {The review of economics and statistics},
  volume    = {97},
  journal   = {The review of economics and statistics},
  number    = {1},
  publisher = {MIT Press},
  address   = {Cambridge},
  issn      = {0034-6535},
  doi       = {10.1162/REST_a_00459},
  pages     = {88 -- 103},
  year      = {2015},
  abstract  = {Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. We present an alternative model that assumes that each individual has a subjective belief about the impact of her search effort on the job arrival. These beliefs depend in part on an individual's locus of control. We estimate the impact of locus of control on job search behavior using a data set of newly unemployed individuals in Germany. Consistent with our theoretical predictions, we find evidence that individuals with an internal locus of control search more and that individuals who believe that their future outcomes are determined by external factors have lower reservation wages.},
  language  = {en}
}
@article{CaliendoFossenKritikosetal.2015,
  author    = {Caliendo, Marco and Fossen, Frank M. and Kritikos, Alexander and Wetter, Miriam},
  title     = {The Gender Gap in Entrepreneurship: Not just a Matter of Personality},
  series = {CESifo economic studies : a joint initiative of Ludwig-Maximilians-Universit{\"a}t and Ifo Institute for Economic Research},
  volume    = {61},
  journal   = {CESifo economic studies : a joint initiative of Ludwig-Maximilians-Universit{\"a}t and Ifo Institute for Economic Research},
  number    = {1},
  publisher = {Oxford Univ. Press},
  address   = {Oxford},
  issn      = {1610-241X},
  doi       = {10.1093/cesifo/ifu023},
  pages     = {202 -- 238},
  year      = {2015},
  abstract  = {Why do entrepreneurship rates differ so markedly by gender? Using data from a large representative German household panel, we investigate to what extent personality traits, human capital, and the employment history influence the start-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk aversion among women explains a large share of the entrepreneurial gender gap. We also find an education effect contributing to the gender difference. In contrast, the Big Five model and the current employment state have effects in the opposite direction, meaning that the gender gap in entrepreneurial entry would be even larger if women had the same scores and the same employment status as men. (JEL codes: L26, J16, D81, J24, M13).},
  language  = {en}
}
@article{CaliendoHogenackerKuennetal.2015,
  author    = {Caliendo, Marco and Hogenacker, Jens and Kuenn, Steffen and Wiessner, Frank},
  title     = {Subsidized start-ups out of unemployment: a comparison to regular business start-ups},
  series = {Small business economics : an international journal},
  volume    = {45},
  journal   = {Small business economics : an international journal},
  number    = {1},
  publisher = {Springer},
  address   = {Dordrecht},
  issn      = {0921-898X},
  doi       = {10.1007/s11187-015-9646-0},
  pages     = {165 -- 190},
  year      = {2015},
  abstract  = {Offering unemployed individuals a subsidy to become self-employed is a widespread active labor market policy strategy. Previous studies have illustrated its high effectiveness to help participants escaping unemployment and improving their labor market prospects compared to other unemployed individuals. However, the examination of start-up subsidies from a business perspective has only received little attention to date. Using a new dataset based on a survey allows us to compare subsidized start-ups out of unemployment with regular business founders, with respect to not only personal characteristics but also business outcomes. The results indicate that previously unemployed entrepreneurs face disadvantages in variables correlated with entrepreneurial ability and access to capital. Nineteen months after start-up, the subsidized businesses experience higher survival, but lag behind regular business founders in terms of income, business growth and innovation. Moreover, we show that expected deadweight effects related to start-up subsidies occur on a (much) lower scale than usually assumed.},
  language  = {en}
}
@article{CaliendoKuenn2015,
  author    = {Caliendo, Marco and K{\"u}nn, Steffen},
  title     = {Getting back into the labor market: the effects of start-up subsidies for unemployed females},
  series = {Journal of population economics},
  volume    = {28},
  journal   = {Journal of population economics},
  number    = {4},
  publisher = {Springer},
  address   = {New York},
  issn      = {0933-1433},
  doi       = {10.1007/s00148-015-0540-5},
  pages     = {1005 -- 1043},
  year      = {2015},
  abstract  = {Low female labor market participation is a problem many developed countries have to face. Beside activating inactive women, one possible solution is to support the re-integration of unemployed women. Due to female-specific labor market constraints (preferences for flexible working hours, discrimination), this is a difficult task, and the question arises whether active labor market policies (ALMP) are an appropriate tool to help. It has been shown that the effectiveness of traditional (ALMP) programs-which focus on the integration in dependent (potentially inflexible) employment-is positive but limited. At the same time, recent evidence for Austria shows that these programs reduce fertility which might be judged unfavorable from a societal perspective. Promoting self-employment among unemployed women might therefore be a promising alternative. Starting their own business might give women more independence and flexibility to reconcile work and family and increase labor market participation. Based on long-term informative data, we find that start-up programs persistently integrate former unemployed women into the labor market, and the impact on fertility is less detrimental than for traditional ALMP programs.},
  language  = {en}
}
@article{CaliendoClementShehu2015,
  author    = {Caliendo, Marco and Clement, Michel and Shehu, Edlira},
  title     = {The effect of individual professional critics on books' sales: capturing selection biases from observable and unobservable factors},
  series = {Marketing letters : a journal of research in marketing},
  volume    = {26},
  journal   = {Marketing letters : a journal of research in marketing},
  number    = {4},
  publisher = {Springer},
  address   = {Dordrecht},
  issn      = {0923-0645},
  doi       = {10.1007/s11002-015-9391-9},
  pages     = {423 -- 436},
  year      = {2015},
  abstract  = {We propose a combined approach of propensity score matching with difference-in-differences methods for reducing selection biases of products being reviewed by critics. Critics' decision to review products may be driven by observable (e.g., star power) and unobservable (e.g., critics' individual preferences) factors, raising the question of reverse causality and selection biases. Our proposed approach enables to rigorously control for selection biases by observable and unobservable characteristics. We apply our methodological framework on data from the German book market and estimate the sales effect of a well-known TV critic. We identify substantial selection effects of individual critics, which result in serious underestimation of the short-term effect (up to 29 \%) and the long-term effect (up to 37 \%). The results emphasize the relevance of the proposed methodological framework by demonstrating that observable and unobservable factors drive selection effects.},
  language  = {en}
}