A framework which allows for the joint testing of the adaptive and rational expectations hypotheses is presented. We assume joint normality of expectations, realizations and variables in the information set, allowing for parsimonious interpretation of the data; conditional first moments are...

Availability of (partial) insurance mechanisms is arguably important for the decision of (riskaverse) workers to start up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is available to both wage earners and self-employed on a voluntary...

In recent years, self-employment among migrant groups has increased significantly in Germany. Against this background, this article aims at presenting an overview of recent entrepreneurial developments. By drawing on a wide range of secondary literature and statistical data, the present survey...