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Does the accumulation of self-employment experience impact life satisfaction?

Nicholas Litsardopoulos, George Saridakis and Chris Hand

Journal of Business Venturing Insights, 2021, vol. 16, issue C

Abstract: This paper investigates the association of life satisfaction and self-employment experience. Using a large longitudinal dataset from the Understanding Society survey over the period 2009–2019, the paper examines how the allocation of time to wage- or self-employment affects individual life satisfaction. We argue that the typical dichotomous wage-employee/self-employed variable does not fully explain the association over time. Instead, when we measure self-employment experience over time, we identify significant variations. We examine the effects of self-employment experience on overall satisfaction and on a composite life satisfaction metric which combines the satisfaction with job, income, leisure, and health. We find that overall self-employment experience exhibits a positive effect on life satisfaction. However, we identify contrasting effects between the two life-satisfaction metrics in men and women. The results suggest the existence of effects above and beyond work related factors, which affect men and women differently.

Keywords: Self-employment; Gender; Life satisfaction; Occupational choice (search for similar items in EconPapers)
JEL-codes: I31 J01 J16 J24 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:16:y:2021:i:c:s2352673421000378

DOI: 10.1016/j.jbvi.2021.e00259

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