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 -