Abstract
This paper analyzes the role of different types of institutions, such as entrepreneurship-facilitating entry conditions, labor market regulations, quality of government, and perception of corruption for individual well-being among self-employed and paid employed individuals. Well-being is operationalized by job and life satisfaction of individuals in 32 European countries measured by data from EU Statistics on Income and Living Conditions (EU-SILC). We find that institutions never affected both occupational groups in opposite ways. Our findings indicate that labor market institutions do not play an important role for well-being. The results suggest that fostering an entrepreneurial society in Europe is a welfare-enhancing strategy that benefits both, the self-employed and paid employees.
Original language | English |
---|---|
Pages (from-to) | 877-901 |
Number of pages | 25 |
Journal | Small Business Economics |
Volume | 56 |
Issue number | 2 |
Early online date | 2020 |
DOIs | |
Publication status | Published - Feb-2021 |
Keywords
- Entrepreneurship
- Institutions
- Subjective well-being
- Life satisfaction
- Job satisfaction