TY - JOUR A1 - Caliendo, Marco A1 - Kuenn, Steffen T1 - Regional effect heterogeneity of start-up subsidies for the unemployed JF - Regional studies N2 - Sin embargo, todavia no se han analizado los efectos potencialmente heterogeneos de los programas para proyectos empresariales en los diferentes mercados laborales de ambito regional. Las restricciones en la demanda de empleo en areas mas desfavorecidas generalmente hacen aumentar el numero de personas que aprovechan estos programas porque las ofertas laborales son limitadas. Sin embargo, la supervivencia de empresas en estas areas es tambien mas baja, de modo que sigue sin estar claro el efecto general. Basandonos en datos alemanes, observamos que el proceso de creacion, el desarrollo de negocios y la eficacia de los programas estan influenciados por las condiciones economicas imperantes en el momento de la creacion de la empresa. KW - Start-up subsidies KW - Evaluation KW - Effect heterogeneity KW - Regional effects KW - Self-employment KW - Subventions de demarrage KW - Evaluation KW - Effet heterogene KW - Effets regionaux KW - Travail independant KW - Existenzgrundungszuschusse KW - Bewertung KW - Heterogenitat von Effekten KW - Regionale Auswirkungen KW - Selbststandigkeit KW - Subvenciones a proyectos empresariales KW - Evaluacion KW - Heterogeneidad del efecto KW - Efectos regionales KW - Empleo autonomo KW - C14 KW - J68 KW - L26 KW - R11 Y1 - 2014 U6 - https://doi.org/10.1080/00343404.2013.851784 SN - 0034-3404 SN - 1360-0591 VL - 48 IS - 6 SP - 1108 EP - 1134 PB - Routledge, Taylor & Francis Group CY - Abingdon ER - TY - INPR A1 - Caliendo, Marco A1 - Kritikos, Alexander T1 - Searching for the entrepreneurial personality New evidence and avenues for further research T2 - Journal of economic psychology : research in economic psychology and behavioral economics Y1 - 2012 U6 - https://doi.org/10.1016/j.joep.2011.06.001 SN - 0167-4870 VL - 33 IS - 2 SP - 319 EP - 324 PB - Elsevier CY - Amsterdam ER - TY - JOUR A1 - Caliendo, Marco A1 - Hogenacker, Jens A1 - Kuenn, Steffen A1 - Wiessner, Frank T1 - Subsidized start-ups out of unemployment: a comparison to regular business start-ups JF - Small business economics : an international journal N2 - 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. KW - Entrepreneurship KW - Start-up subsidies KW - Evaluation KW - Deadweight effects KW - Innovation Y1 - 2015 U6 - https://doi.org/10.1007/s11187-015-9646-0 SN - 0921-898X SN - 1573-0913 VL - 45 IS - 1 SP - 165 EP - 190 PB - Springer CY - Dordrecht ER - TY - RPRT A1 - Caliendo, Marco A1 - Schröder, Carsten A1 - Wittbrodt, Linda T1 - The Causal Effects of the Minimum Wage Introduction in Germany BT - An Overview T2 - CEPA Discussion Papers N2 - 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. T3 - CEPA Discussion Papers - 1 KW - Minimum Wage KW - Evaluation KW - Earnings KW - Working Hours KW - Employment Y1 - 2019 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-426929 SN - 2628-653X IS - 1 ER - TY - JOUR A1 - Caliendo, Marco A1 - Clement, Michel A1 - Papies, Dominik A1 - Scheel-Kopeinig, Sabine T1 - The cost impact of spam filters measuring the effect of information system technologies in organizations JF - Information systems research N2 - Dealing with spam is very costly, and many organizations have tried to reduce spam-related costs by installing spam filters. Relying on modern econometric methods to reduce the selection bias of installing a spam filter, we use a unique data setting implemented at a German university to measure the costs associated with spam and the costs savings of spam filters. Our methodological framework accounts for effect heterogeneity and can be easily used to estimate the effect of other IS technologies implemented in organizations. The majority of costs stem from the time that employees spend identifying and deleting spam, amounting to an average of approximately five minutes per employee per day. Our analysis, which accounts for selection bias, finds that the installation of a spam filter reduces these costs by roughly one third. Failing to account for the selection bias would lead to a result that suggests that installing a spam filter does not reduce working time losses. However, cost savings only occur when the spam burden is high, indicating that spam filters do not necessarily reduce costs and are therefore no universal remedy. The analysis further shows that spam filters alone are a countermeasure against spam that exhibits only limited effectiveness because they only reduce costs by one third. KW - spam KW - spam filter KW - selection bias KW - propensity score matching Y1 - 2012 U6 - https://doi.org/10.1287/isre.1110.0396 SN - 1047-7047 VL - 23 IS - 3 SP - 1068 EP - 1080 PB - INFORMS CY - Hannover ER - TY - JOUR A1 - Caliendo, Marco A1 - Clement, Michel A1 - Shehu, Edlira T1 - The effect of individual professional critics on books' sales: capturing selection biases from observable and unobservable factors JF - Marketing letters : a journal of research in marketing N2 - 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. KW - Critics KW - Reviewer KW - Propensity score matching KW - Difference-in-difference KW - Selection effects Y1 - 2015 U6 - https://doi.org/10.1007/s11002-015-9391-9 SN - 0923-0645 SN - 1573-059X VL - 26 IS - 4 SP - 423 EP - 436 PB - Springer CY - Dordrecht ER - TY - JOUR A1 - Caliendo, Marco A1 - Fossen, Frank M. A1 - Kritikos, Alexander A1 - Wetter, Miriam T1 - The Gender Gap in Entrepreneurship: Not just a Matter of Personality JF - CESifo economic studies : a joint initiative of Ludwig-Maximilians-Universität and Ifo Institute for Economic Research N2 - 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). KW - entrepreneurship KW - gender gap KW - personality KW - decomposition analysis Y1 - 2015 U6 - https://doi.org/10.1093/cesifo/ifu023 SN - 1610-241X SN - 1612-7501 VL - 61 IS - 1 SP - 202 EP - 238 PB - Oxford Univ. Press CY - Oxford ER - TY - JOUR A1 - Caliendo, Marco A1 - Fossen, Frank A1 - Kritikos, Alexander T1 - The impact of risk attitudes on entrepreneurial survival N2 - Risk attitudes influence the complete life cycle of entrepreneurs. Whereas recent research underpins the theoretical proposition of a positive correlation between risk attitudes and the decision to become self-employed, the effects on survival are not as straightforward. Psychological research posits an inverse U-shaped relationship between risk attitudes and entrepreneurial survival. On the basis of experimentally validated data of the German Socio-Economic Panel (SOEP), we examine the extent to which risk attitudes influence survival rates in self-employment in Germany. The empirical results confirm that persons whose risk attitudes are in the medium range survive significantly longer as entrepreneurs than do persons with particularly low or high risk attitudes. Y1 - 2010 UR - http://www.sciencedirect.com/science/journal/01672681 U6 - https://doi.org/10.1016/j.jebo.2010.02.012 SN - 0167-2681 ER - TY - JOUR A1 - Caliendo, Marco A1 - Künn, Steffen A1 - Mahlstedt, Robert T1 - The return to labor market mobility BT - an evaluation of relocation assistance for the unemployed JF - Journal of Public Economics N2 - In many European countries, labor markets are characterized by high regional disparities in terms of unemployment rates on the one hand and low geographical mobility among the unemployed on the other hand. In order to counteract the geographical mismatch of workers, the German active labor market policy offers a subsidy covering moving costs to incentivize unemployed job seekers to search/accept jobs in distant regions. Based on administrative data, this study provides the first empirical evidence on the impact of this subsidy on participants' prospective labor market outcomes. We use an instrumental variable approach to take endogenous selection based on observed and unobserved characteristics into account when estimating causal treatment effects. We find that unemployed job seekers who participate in the subsidy program and move to a distant region receive higher wages and find more stable jobs compared to non-participants. We show that the positive effects are (to a large extent) the consequence of a better job match due to the increased search radius of participants. KW - Evaluation KW - Active labor market policy KW - Labor market mobility KW - Instrumental variable approach Y1 - 2017 U6 - https://doi.org/10.1016/j.jpubeco.2017.02.008 SN - 0047-2727 VL - 148 SP - 136 EP - 151 PB - Elsevier CY - Lausanne ER - TY - JOUR A1 - Caliendo, Marco A1 - Fossen, Frank A1 - Kritikos, Alexander T1 - Trust, positive reciprocity, and negative reciprocity Do these traits impact entrepreneurial dynamics? JF - Journal of economic psychology : research in economic psychology and behavioral economics N2 - Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are permanently facing exchange processes in the interplay with investors, sellers, and buyers, as well as needing to trust others and reciprocate with their network. We base our analysis on the German Socio-Economic Panel with its recently introduced questions about trust, positive reciprocity, and negative reciprocity to examine the extent that these variables influence the entrepreneurial decision processes. More specifically, we analyze whether (i) the willingness to trust other people influences the probability of starting a business; (ii) trust, positive reciprocity, and negative reciprocity influence the exit probability of entrepreneurs; and (iii) willingness to trust and to act reciprocally influences the probability of being an entrepreneur versus an employee or a manager. Our findings reveal that, in particular, trust impacts entrepreneurial development. Interestingly, entrepreneurs are more trustful than employees, but much less trustful than managers. KW - Entrepreneurship KW - Trust KW - Reciprocity Y1 - 2012 U6 - https://doi.org/10.1016/j.joep.2011.01.005 SN - 0167-4870 VL - 33 IS - 2 SP - 394 EP - 409 PB - Elsevier CY - Amsterdam ER - TY - JOUR A1 - Caliendo, Marco A1 - Mahlstedt, Robert A1 - Mitnik, Oscar A. T1 - Unobservable, but unimportant? The relevance of usually unobserved variables for the evaluation of labor market policies JF - Labour economics : an international journal KW - Matching KW - Unconfoundedness KW - Unobservables KW - Selection bias KW - Personality traits KW - Active labor market policy Y1 - 2017 U6 - https://doi.org/10.1016/j.labeco.2017.02.001 SN - 0927-5371 SN - 1879-1034 VL - 46 SP - 14 EP - 25 PB - Elsevier CY - Amsterdam ER - TY - RPRT A1 - Caliendo, Marco A1 - Fossen, Frank M. A1 - Kritikos, Alexander T1 - What Makes an Employer? T2 - CEPA Discussion Papers N2 - As the policy debate on entrepreneurship increasingly centers on firm growth in terms of job creation, it is important to better understand which variables influence the first hiring decision and which ones influence the subsequent survival as an employer. Using the German Socio-economic Panel (SOEP), we analyze what role individual characteristics of entrepreneurs play in sustainable job creation. While human and social capital variables positively influence the hiring decision and the survival as an employer in the same direction, we show that none of the personality traits affect the two outcomes in the same way. Some traits are only relevant for survival as an employer but do not influence the hiring decision, other traits even unfold a revolving door effect, in the sense that employers tend to fail due to the same characteristics that positively influenced their hiring decision. T3 - CEPA Discussion Papers - 13 KW - employer KW - entrepreneurship KW - business venturing KW - firm growth KW - employment growth KW - personality Y1 - 2019 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-437360 SN - 2628-653X IS - 13 ER -