{"id":56075,"date":"2023-12-01T18:54:48","date_gmt":"2023-12-01T17:54:48","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/entry-into-self-employment-and-individuals-risk-taking-propensities\/"},"modified":"2024-08-08T12:44:21","modified_gmt":"2024-08-08T10:44:21","slug":"entry-into-self-employment-and-individuals-risk-taking-propensities","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/56075\/","title":{"rendered":"Entry into self-employment and individuals' risk-taking propensities"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-56075","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Most of the existing empirical literature on self-employment decisions assumes that individuals' risk-taking propensities are stable over time. We allow for endogeneity on both sides when examining the relationship between individual risk-taking propensities and entry into self-employment. We confirm that a greater risk-taking propensity is associated with a higher probability of entering self-employment. However, we also find evidence that entering self-employment is associated with a significant and substantial increase in an individual's propensity to take risks. Our findings add to the growing evidence that risk-taking propensities are not only inborn, but also determined by environmental factors.","onlinedate":"2019-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"20190101","publication_date_year":"2019","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Entry into self-employment\",\"German Socio-Economic Panel (SOEP)\",\"Risk-taking propensity\"]","jelcodes":"[\"D03\",\"D81\",\"J23\",\"M13\",\"L26\"]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/link.springer.com\/article\/10.1007\/s11187-019-00173-6#citeas","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"2019","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"Small Business Economics","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3510],"collaboration":"","persons":[15895,3903,15897],"persons_data":"[{\"personId\":15895,\"personName\":\"Matthias Brachert\",\"organisationNames\":[]},{\"personId\":3903,\"personName\":\"Walter Hyll\",\"organisationNames\":[]},{\"personId\":15897,\"personName\":\"Abdolkarim Sadrieh\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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