@techreport{CaliendoCobbClarkSilvaGoncalvesetal.2023,
  type      = {Working Paper},
  author    = {Caliendo, Marco and Cobb-Clark, Deborah A. and Silva-Goncalves, Juliana and Uhlendorff, Arne},
  title     = {Locus of control and the preference for agency},
  series = {IZA discussion paper},
  volume    = {No. 16061},
  journal   = {IZA discussion paper},
  publisher = {Elsevier},
  address   = {Amsterdam},
  issn      = {2365-9793},
  doi       = {10.2139/ssrn.4416820},
  pages     = {49},
  year      = {2023},
  abstract  = {We conduct a laboratory experiment to study how locus of control operates through people's preferences and beliefs to influence their decisions. Using the principal-agent setting of the delegation game, we test four key channels that conceptually link locus of control to decision-making: (i) preference for agency; (ii) optimism and (iii) confidence regarding the return to effort; and (iv) illusion of control. Knowing the return and cost of stated effort, principals either retain or delegate the right to make an investment decision that generates payoffs for themselves and their agents. Extending the game to the context in which the return to stated effort is unknown allows us to explicitly study the relationship between locus of control and beliefs about the return to effort. We find that internal locus of control is linked to the preference for agency, an effect that is driven by women. We find no evidence that locus of control influences optimism and confidence about the return to stated effort, or that it operates through an illusion of control.},
  language  = {en}
}
@article{CaliendoTuebbicke2021,
  author    = {Caliendo, Marco and T{\"u}bbicke, Stefan},
  title     = {Design and effectiveness of start-up subsidies},
  series = {Economic analysis and policy},
  volume    = {70},
  journal   = {Economic analysis and policy},
  publisher = {Elsevier},
  address   = {Amsterdam},
  issn      = {0313-5926},
  doi       = {10.1016/j.eap.2021.02.015},
  pages     = {333 -- 340},
  year      = {2021},
  abstract  = {While a growing body of literature finds positive impacts of Start-Up Subsidies (SUS) on labor market outcomes of participants, little is known about how the design of these programs shapes their effectiveness and hence how to improve policy. As experimental variation in program design is unavailable, we exploit the 2011 reform of the current German SUS program for the unemployed which strengthened caseworkers' discretionary power, increased entry requirements and reduced monetary support. We estimate the impact of the reform on the program's effectiveness using samples of participants and non-participants from before and after the reform. To control for time-constant unobserved heterogeneity as well as differential selection patterns based on observable characteristics over time, we combine Difference-in-Differences with inverse probability weighting using covariate balancing propensity scores. Holding participants' observed characteristics as well as macroeconomic conditions constant, the results suggest that the reform was successful in raising employment effects on average. As these findings may be contaminated by changes in selection patterns based on unobserved characteristics, we assess our results using simulation-based sensitivity analyses and find that our estimates are highly robust to changes in unobserved characteristics. Hence, the reform most likely had a positive impact on the effectiveness of the program, suggesting that increasing entry requirements and reducing support increased the program's impacts while reducing the cost per participant. (C) 2021 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.},
  language  = {en}
}
@techreport{CaliendoTuebbicke2019,
  type      = {Working Paper},
  author    = {Caliendo, Marco and T{\"u}bbicke, Stefan},
  title     = {New Evidence on Long-Term Effects of Start-Up Subsidies},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {6},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-42679},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-426798},
  pages     = {41},
  year      = {2019},
  abstract  = {The German start-up subsidy (SUS) program for the unemployed has recently undergone a major make-over, altering its institutional setup, adding an additional layer of selection and leading to ambiguous predictions of the program's effectiveness. Using propensity score matching (PSM) as our main empirical approach, we provide estimates of long-term effects of the post-reform subsidy on individual employment prospects and labor market earnings up to 40 months after entering the program. Our results suggest large and persistent long-term effects of the subsidy on employment probabilities and net earned income. These effects are larger than what was estimated for the pre-reform program. Extensive sensitivity analyses within the standard PSM framework reveal that the results are robust to different choices regarding the implementation of the weighting procedure and also with respect to deviations from the conditional independence assumption. As a further assessment of the results' sensitivity, we go beyond the standard selection-on-observables approach and employ an instrumental variable setup using regional variation in the likelihood of receiving treatment. Here, we exploit the fact that the reform increased the discretionary power of local employment agencies in allocating active labor market policy funds, allowing us to obtain a measure of local preferences for SUS as the program of choice. The results based on this approach give rise to similar estimates. Thus, our results indicating that SUS are still an effective active labor market program after the reform do not appear to be driven by "hidden bias".},
  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{CaliendoTuebbicke2019,
  author    = {Caliendo, Marco and T{\"u}bbicke, Stefan},
  title     = {New evidence on long-term effects of start-up subsidies},
  series = {Empirical economics},
  volume    = {59},
  journal   = {Empirical economics},
  number    = {4},
  publisher = {Physica-Verlag},
  address   = {Heidelberg},
  issn      = {0377-7332},
  doi       = {10.1007/s00181-019-01701-9},
  pages     = {1605 -- 1631},
  year      = {2019},
  abstract  = {The German start-up subsidy (SUS) program for the unemployed has recently undergone a major makeover, altering its institutional setup, adding an additional layer of selection and leading to ambiguous predictions of the program's effectiveness. Using propensity score matching (PSM) as our main empirical approach, we provide estimates of long-term effects of the post-reform subsidy on individual employment prospects and labor market earnings up to 40 months after entering the program. Our results suggest large and persistent long-term effects of the subsidy on employment probabilities and net earned income. These effects are larger than what was estimated for the pre-reform program. Extensive sensitivity analyses within the standard PSM framework reveal that the results are robust to different choices regarding the implementation of the weighting procedure and also with respect to deviations from the conditional independence assumption. As a further assessment of the results' sensitivity, we go beyond the standard selection-on-observables approach and employ an instrumental variable setup using regional variation in the likelihood of receiving treatment. Here, we exploit the fact that the reform increased the discretionary power of local employment agencies in allocating active labor market policy funds, allowing us to obtain a measure of local preferences for SUS as the program of choice. The results based on this approach give rise to similar estimates. Thus, our results indicating that SUS are still an effective active labor market program after the reform do not appear to be driven by "hidden bias."},
  language  = {en}
}
@article{CaliendoTuebbicke2021,
  author    = {Caliendo, Marco and T{\"u}bbicke, Stefan},
  title     = {Der Gr{\"u}ndungszuschuss f{\"u}r Arbeitslose nach der Reform 2011},
  series = {IAB-Kurzbericht : aktuelle Analysen aus dem Institut f{\"u}r Arbeitsmarkt- und Berufsforschung},
  volume    = {28},
  journal   = {IAB-Kurzbericht : aktuelle Analysen aus dem Institut f{\"u}r Arbeitsmarkt- und Berufsforschung},
  publisher = {IAB},
  address   = {N{\"u}rnberg},
  issn      = {0942-167X},
  pages     = {8},
  year      = {2021},
  abstract  = {Mit der Reform des Gr{\"u}ndungszuschusses im Jahr 2011 wurden die Rahmenbedingungen der Gr{\"u}ndungsf{\"o}rderung f{\"u}r Arbeitslose im Sozialgesetzbuch III umfassend reformiert und die F{\"o}rderzahlen reduzierten sich drastisch. Insgesamt ist das Arbeitsmarktinstrument weiterhin ein Erfolg: Die meisten Gef{\"o}rderten sind auch knapp 3,5 Jahre nach der Gr{\"u}ndung noch selbstst{\"a}ndig und etwa ein Drittel von ihnen hat mindestens einen Besch{\"a}ftigen. Von denjenigen, die ihre Selbstst{\"a}ndigkeit inzwischen beendet haben, sind die meisten sozialversicherungspflichtig besch{\"a}ftigt. Damit haben Gef{\"o}rderte eine deutlich h{\"o}here Besch{\"a}ftigungsquote als vergleichbare Personen ohne diese F{\"o}rderung. Auch ihre monatlichen Nettoverdienste sowie ihre Jobzufriedenheit sind h{\"o}her. Verbesserungspotenzial gibt es allerdings bei der sozialen Absicherung: Gef{\"o}rderte zahlen seltener in eine Rentenversicherung oder in die Arbeitslosenversicherung ein und sind mit ihrer sozialen Absicherung unzufriedener als vergleichbare Personen.},
  language  = {de}
}
@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}
}
@techreport{CaliendoTuebbicke2019,
  type      = {Working Paper},
  author    = {Caliendo, Marco and T{\"u}bbicke, Stefan},
  title     = {Do Start-Up Subsidies for the Unemployed Affect Participants' Well-Being?},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {14},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-43746},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-437468},
  pages     = {47},
  year      = {2019},
  abstract  = {We estimate the long-term effects of start-up subsidies (SUS) for the unemployed 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. 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. Having access to linked administrative-survey data providing us with rich information on pre-treatment 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 find long-term positive effects on job satisfaction but negative effects on individuals' satisfaction with their social security situation. Further 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. The sensitivity analyses show that these findings are highly robust.},
  language  = {en}
}
@techreport{CaliendoSchroederWittbrodt2019,
  type      = {Working Paper},
  author    = {Caliendo, Marco and Schr{\"o}der, Carsten and Wittbrodt, Linda},
  title     = {The Causal Effects of the Minimum Wage Introduction in Germany},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {1},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-42692},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-426929},
  year      = {2019},
  abstract  = {In 2015, Germany introduced a statutory hourly minimum wage that was not only universally binding but also set at a relatively high level. We discuss the short-run effects of this new minimum wage on a wide set of socio-economic outcomes, such as employment and working hours, earnings and wage inequality, dependent and self-employment, as well as reservation wages and satisfaction. We also discuss difficulties in the implementation of the minimum wage and the measurement of its effects related to non-compliance and suitability of data sources. Two years after the minimum wage introduction, the following conclusions can be drawn: while hourly wages increased for low-wage earners, some small negative employment effects are also identifiable. The effects on aspired goals, such as poverty and inequality reduction, have not materialized in the short run. Instead, a tendency to reduce working hours is found, which alleviates the desired positive impact on monthly income. Additionally, the level of non-compliance was substantial in the short run, thus drawing attention to problems when implementing such a wide-reaching policy.},
  language  = {en}
}
@article{BellmannCaliendoTuebbicke2018,
  author    = {Bellmann, Lutz and Caliendo, Marco and T{\"u}bbicke, Stefan},
  title     = {The post-reform effectiveness of the new German start-up subsidy for the unemployed},
  series = {Labour-England},
  volume    = {32},
  journal   = {Labour-England},
  number    = {3},
  publisher = {Wiley},
  address   = {Hoboken},
  issn      = {1121-7081},
  doi       = {10.1111/labr.12126},
  pages     = {293 -- 319},
  year      = {2018},
  abstract  = {The current German start-up subsidy for unemployed individuals underwent a major reform in 2011 that altered key parameters of the program, leading to ambiguous ex ante predictions on the post-reform effectiveness of the program, making a new evaluation necessary. In our descriptive analysis, we find that participants after the reform differ significantly from pre-reform participants in terms of important characteristics and subsequent labor market performance. Our causal analysis reveals positive and sizable treatment effects on the treated regarding employment and income that are larger effects than what was estimated for the pre-reform program. Potential reasons for this are discussed.},
  language  = {en}
}