TY - UNPB

T1 - Start-up success of freelancers

T2 - new microeconometric evidence from the German socio-economic panel

AU - Merz, Joachim

AU - Paic, Peter

N1 - Literaturverz. S. 23 - 24

PY - 2006/3

Y1 - 2006/3

N2 - If certain start-up characteristics will indicate a business success, knowing such characteristics could generate more successful start-ups and more efficient start-up counseling. Our study will contribute to this by quantifying individual success determinants of freelance start-ups. The data base for the microeconometric analyses of the survival of the first three years is a revised German Socio-Economic Panel (SOEP) for 1992 until 2002, which allows to incorporate institutional, personal and family/household socio-economic variables. We describe and discuss the datawork to achieve compatible information over time within a revised GSOEP and present microeconometric rare events logit, logit and probit results.The start-up success measured as the probability to survive the first three years is first of all influenced by an active labour force participation with its acquired skills and working experiences just before the start-up period (rank 1), followed by a non-university degree as the highest general human capital indicator (rank 2), a general (non-linear) experience indicated by age (rank 3) and the business related background (rank 4) as the type of liberal profession in the group of the liberal medical professions and the liberal technical and scientific professions.

AB - If certain start-up characteristics will indicate a business success, knowing such characteristics could generate more successful start-ups and more efficient start-up counseling. Our study will contribute to this by quantifying individual success determinants of freelance start-ups. The data base for the microeconometric analyses of the survival of the first three years is a revised German Socio-Economic Panel (SOEP) for 1992 until 2002, which allows to incorporate institutional, personal and family/household socio-economic variables. We describe and discuss the datawork to achieve compatible information over time within a revised GSOEP and present microeconometric rare events logit, logit and probit results.The start-up success measured as the probability to survive the first three years is first of all influenced by an active labour force participation with its acquired skills and working experiences just before the start-up period (rank 1), followed by a non-university degree as the highest general human capital indicator (rank 2), a general (non-linear) experience indicated by age (rank 3) and the business related background (rank 4) as the type of liberal profession in the group of the liberal medical professions and the liberal technical and scientific professions.

KW - Economics

KW - start-up success

KW - freelancers (liberal professions)

KW - German Socio-Economic Panel

KW - rare events logit

KW - logit

KW - probit

KW - Gründungserfolg

KW - Freiberufler

KW - Spzio-ökonomisches Panel

KW - Rare Events

KW - Logit

M3 - Working papers

T3 - IZA Diskussionspapier

BT - Start-up success of freelancers

PB - IZA - Forschungsinstitut zur Zukunft der Arbeit

CY - Bonn

ER -