@article{BurauelCaliendoGrabkaetal.2020,
  author    = {Burauel, Patrick F. and Caliendo, Marco and Grabka, Markus M. and Obst, Cosima and Preuss, Malte and Schr{\"o}der, Carsten and Shupe, Cortnie},
  title     = {The impact of the German minimum wage on individual wages and monthly warnings},
  series = {Jahrb{\"u}cher f{\"u}r National{\"o}konomie und Statistik = Journal of economics and statistics},
  volume    = {240},
  journal   = {Jahrb{\"u}cher f{\"u}r National{\"o}konomie und Statistik = Journal of economics and statistics},
  number    = {2-3},
  publisher = {De Gruyter},
  address   = {Berlin},
  issn      = {0021-4027},
  doi       = {10.1515/jbnst-2018-0077},
  pages     = {201 -- 231},
  year      = {2020},
  abstract  = {This paper evaluates the short-run impact of the introduction of a statutory minimum wage in Germany on the hourly wages and monthly earnings of workers targeted by the reform. We first provide detailed descriptive evidence of changes to the wage structure in particular at the bottom of the distribution and distinguish between trends for regularly employed and marginally employed workers. In the causal analysis, we then employ a differential trend adjusted difference-in-differences (DTADD) strategy to identify the extent to which these changes in wages and earnings can be attributed to the minimum wage introduction. We find that the minimum wage introduction can account for hourly wage growth in the order of roughly 6.5 \% or (sic)0.45/hour and an increase in monthly earnings of 6.6 \% or (sic)53/month. Despite finding wage growth at the bottom of the distribution, the paper documents widespread non-compliance with the mandated wage floor of (sic)8.50/hour.},
  language  = {en}
}
@techreport{CaliendoMahlstedtvandenBergetal.2020,
  type      = {Working Paper},
  author    = {Caliendo, Marco and Mahlstedt, Robert and van den Berg, Gerard J. and Vikstr{\"o}m, Johan},
  title     = {Side Effects of Labor Market Policies},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {22},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-47883},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-478839},
  pages     = {33},
  year      = {2020},
  abstract  = {Labor market policy tools such as training and sanctions are commonly used to help bring workers back to work. By analogy to medical treatments, the individual exposure to these tools may have side effects. We study effects on health using individual-level population registers on labor market events outcomes, drug prescriptions and sickness absence, comparing outcomes before and after exposure to training and sanctions. We find that training improves cardiovascular and mental health and lowers sickness absence. The results suggest that this is not due to improved employment prospects but rather to instantaneous features of participation such as, perhaps, the adoption of a more rigorous daily routine. Unemployment benefits sanctions cause a short-run deterioration of mental health, possibly due higher stress levels, but this tapers out quickly.},
  language  = {en}
}
@techreport{CaliendoCobbClarkObstetal.2020,
  type      = {Working Paper},
  author    = {Caliendo, Marco and Cobb-Clark, Deborah A. and Obst, Cosima and Uhlendorff, Arne},
  title     = {Risk Preferences and Training Investments},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {23},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-48092},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-480927},
  pages     = {35},
  year      = {2020},
  abstract  = {We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them against future losses. We use the German Socio-Economic Panel (SOEP) to demonstrate that risk affinity is associated with more training, implying that, on average, investment risks dominate the insurance benefits of training. Crucially, this relationship is evident only for general training; there is no relationship between risk attitudes and specific training. Thus, as expected, risk preferences matter more when skills are transferable - and workers have a vested interest in training outcomes - than when they are not. Finally, we provide evidence that the insurance benefits of training are concentrated among workers with uncertain employment relationships or limited access to public insurance schemes.},
  language  = {en}
}
@misc{CaliendoGrammigSchneider2020,
  author    = {Caliendo, Marco and Grammig, Joachim and Schneider, Hilmar},
  title     = {Reinhard Hujer},
  series = {AStA Wirtschafts- und Sozialstatistisches Archiv},
  volume    = {14},
  journal   = {AStA Wirtschafts- und Sozialstatistisches Archiv},
  number    = {3-4},
  publisher = {Springer},
  address   = {Berlin},
  issn      = {1863-8155},
  doi       = {10.1007/s11943-020-00277-6},
  pages     = {219 -- 223},
  year      = {2020},
  language  = {de}
}
@article{Caliendo2020,
  author    = {Caliendo, Marco},
  title     = {F{\"u}nf Jahre Mindestlohn},
  series = {ifo Schnelldienst},
  volume    = {73},
  journal   = {ifo Schnelldienst},
  number    = {4},
  publisher = {Institut f{\"u}r Wirtschaftsforschung},
  address   = {M{\"u}nchen},
  issn      = {0018-974X},
  pages     = {23 -- 28},
  year      = {2020},
  abstract  = {Die Einf{\"u}hrung des gesetzlichen Mindestlohns zum 1. Januar 2015 war nach der Agenda 2010 die bedeutendste Arbeitsmarktreform der letzten 20 Jahre. Durch das relativ hohe Eingriffsniveau - etwa 4 Millionen oder 11\% aller Erwerbst{\"a}tigen verdienten vor der Einf{\"u}hrung weniger als die neue Bruttolohnuntergrenze von 8,50 Euro pro Stunde - und die nahezu umfassende G{\"u}ltigkeit, waren Hoffnungen und Bef{\"u}rchtungen gleichermaßen groß und viele Fragen zu den Wirkungen offen. Heute, f{\"u}nf Jahre nach der Einf{\"u}hrung und basierend auf zahlreichen, breit angelegten Evaluationsstudien, ist es Zeit f{\"u}r eine Zwischenbilanz. Die L{\"o}hne im unteren Bereich sind gestiegen, ohne dass es zu einem gr{\"o}ßeren Abbau an Besch{\"a}ftigung gekommen ist. Gleichzeitig hat der Mindestlohn aber nicht die Zahl der Transferbezieher verringert. Auch das Armutsrisiko hat nicht abgenommen. Der Mindestlohn ist in vielerlei Hinsicht nicht existenzsichernd und wird auch nicht vollumf{\"a}nglich durchgesetzt. Insofern wurde f{\"u}nf Jahre nach der Einf{\"u}hrung zwar einiges erreicht, wichtige Ziele aber auch verfehlt. Die Politik ist gefordert.},
  language  = {de}
}
@techreport{CaliendoHennecke2020,
  type      = {Working Paper},
  author    = {Caliendo, Marco and Hennecke, Juliane},
  title     = {Drinking is Different!},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {18},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-46979},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-469790},
  year      = {2020},
  abstract  = {Unhealthy behavior can be extremely costly from a micro- and macroeconomic perspective and exploring the determinants of such behavior is highly important from an economist's point of view. We examine whether locus of control (LOC) can explain alcohol consumption as an important domain of health behavior. LOC measures how much an individual believes that she is in control of the consequences of her own actions for her life's future outcomes. While earlier literature showed that an increasing internal LOC is associated with increased health-conscious behavior in domains such as smoking, exercise or diets, we find that drinking seems to be different. Using German panel data from the Socio-Economic Panel (SOEP) we find a significant positive effect of having an internal LOC on the probability of moderate and regular drinking. We suggest and discuss two likely mechanisms for this relationship and find interesting gender differences. While social investments play an important role for both men and women, risk perceptions are especially relevant for men.},
  language  = {en}
}
@article{CaliendoTuebbicke2020,
  author    = {Caliendo, Marco and T{\"u}bbicke, Stefan},
  title     = {Do start-up subsidies for the unemployed affect participants' well-being?},
  series = {Evaluation review},
  volume    = {46},
  journal   = {Evaluation review},
  number    = {5},
  publisher = {Sage Publications},
  address   = {Thousand Oaks},
  issn      = {1552-3926},
  doi       = {10.1177/0193841X20927237},
  pages     = {517 -- 554},
  year      = {2020},
  abstract  = {Background: The literature on start-up subsidies (SUS) for the unemployed finds positive effects on objective outcome measures such as employment or income. However, little is known about effects on subjective well-being of participants. Knowledge about this is especially important because subsidizing the transition into self-employment may have unintended adverse effects on participants' well-being due to its risky nature and lower social security protection, especially in the long run. Objective: We study the long-term effects of SUS on subjective outcome indicators of well-being, as measured by the participants' satisfaction in different domains. This extends previous analyses of the current German SUS program ("Gr{\"u}ndungszuschuss") that focused on objective outcomes—such as employment and income—and allows us to make a more complete judgment about the overall effects of SUS at the individual level. Research design: Having access to linked administrative-survey data providing us with rich information on pretreatment characteristics, we base our analysis on the conditional independence assumption and use propensity score matching to estimate causal effects within the potential outcomes framework. We perform several sensitivity analyses to inspect the robustness of our findings. Results: We find long-term positive effects on job satisfaction but negative effects on individuals' satisfaction with their social security situation. Supplementary findings suggest that the negative effect on satisfaction with social security may be driven by negative effects on unemployment and retirement insurance coverage. Our heterogeneity analysis reveals substantial variation in effects across gender, age groups, and skill levels. Estimates are highly robust.},
  language  = {en}
}
@article{CaliendoKuennWeissenberger2020,
  author    = {Caliendo, Marco and K{\"u}nn, Steffen and Weissenberger, Martin},
  title     = {Catching up or lagging behind?},
  series = {Research policy : policy, management and economic studies of science, technology and innovation},
  volume    = {49},
  journal   = {Research policy : policy, management and economic studies of science, technology and innovation},
  number    = {10},
  publisher = {Elsevier},
  address   = {Amsterdam},
  issn      = {0048-7333},
  doi       = {10.1016/j.respol.2020.104053},
  pages     = {14},
  year      = {2020},
  abstract  = {From an active labor market policy perspective, start-up subsidies for unemployed individuals are very effective in improving long-term labor market outcomes for participants. From a business perspective, however, the assessment of these public programs is less clear since they might attract individuals with low entrepreneurial abilities and produce businesses with low survival rates and little contribution to job creation, economic growth, and innovation. In this paper, we use a rich data set to compare participants of a German start-up subsidy program for unemployed individuals to a group of regular founders who started from non-unemployment and did not receive the subsidy. The data allows us to analyze their business performance up until 40 months after business formation. We find that formerly subsidized founders lag behind not only in survival and job creation, but especially also in innovation activities. The gaps in these business outcomes are relatively constant or even widening over time. Hence, we do not see any indication of catching up in the longer run. While the gap in survival can be entirely explained by initial differences in observable start-up characteristics, the gap in business development remains and seems to be the result of restricted access to capital as well as differential business strategies and dynamics. Considering these conflicting results for the assessment of the subsidy program from an ALMP and business perspective, policy makers need to carefully weigh the costs and benefits of such a strategy to find the right policy mix.},
  language  = {en}
}
@techreport{SchroederGoeblerGrabkaetal.2020,
  author    = {Schr{\"o}der, Carsten and G{\"o}bler, Konstantin and Grabka, Markus M. and Kolb, Chris and Shupe, Cortnie and Caliendo, Marco and T{\"u}bbicke, Stefan and Priem, Maximilian},
  title     = {Auswirkungen des gesetzlichen Mindestlohns auf Haushaltseinkommen, Konsum- und Sparverhalten},
  publisher = {Deutsche Institut f{\"u}r Wirtschaftsforschung},
  address   = {Berlin},
  pages     = {1 -- 85},
  year      = {2020},
  language  = {de}
}