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Personality characteristics and the decisions to become and employed
Based on a large, representative German household panel, we investigate to what extent the personality of individuals influences the entry decision into and the exit decision from self-employment. We reveal that some traits, such as openness to experience, extraversion, and risk tolerance affect en...
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| Format: | Article |
| Language: | English |
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2014
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| LEADER | 01194nab a22001817a 4500 | ||
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| 008 | 160615b2014 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Caliendo, Marco | ||
| 245 | |a Personality characteristics and the decisions to become and employed |c Caliendo, Marco. | ||
| 260 | |c 2014 | ||
| 300 | |a 787-814 | ||
| 520 | |a Based on a large, representative German household panel, we investigate to what extent the personality of individuals influences the entry decision into and the exit decision from self-employment. We reveal that some traits, such as openness to experience, extraversion, and risk tolerance affect entry, but different ones, such as agreeableness or different parameter values of risk tolerance, affect exit from self-employment. Only locus of control has a similar influence on the entry and exit decisions. The explanatory power of all observed traits among all observable variables amounts to 30 %, with risk tolerance, locus of control, and openness having the highest explanatory power. | ||
| 650 | |a Locus Of Control | ||
| 650 | |a Risk Tolerance | ||
| 650 | |a Big Five | ||
| 650 | |a Personality | ||
| 650 | |a Entrepreneurship | ||
| 773 | |a Small Business Economics |d April | ||
| 999 | |c 41587 |d 41587 | ||