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Types of institutions and well-being of self-employed and paid employees in Europe
Fritsch, Michael Sorgner, Alina
Wyrwich, Michael
Fritsch, Michael
Wyrwich, Michael
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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.
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2019
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Keywords
Entrepreneurship, Institutions, Subjective well-being, Life satisfaction, Job satisfaction
Citation
Fritsch, Michael, Alina Sorgner, and Michael Wyrwich. “Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe.” Small Business Economics 56 (2): 877–901. 2019.