The Well-being of Women Entrepreneurs: The Role of Gender Inequality and Gender Roles

Inessa Love, Boris Nikolaev () and Chandra Dhakal ()
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Boris Nikolaev: Colorado State University
Chandra Dhakal: Royal Thimphu College, Bhutan

No 202303, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: We present new evidence on the well-being of women entrepreneurs using data from the World Values Survey for 80 countries. We find that in low- and middle-income countries, female entrepreneurs have lower well-being than male entrepreneurs, while in high-income countries, they have higher well-being. We further explore several macro and micro-level mechanisms-- institutional context, gender roles, and individual characteristics--that potentially moderate this relationship. We find that the gender gap in well-being is larger in countries with higher gender inequality, lower level of financial development, and stricter adherence to sexist gender roles. We also find that women entrepreneurs with lower education, more children, and risk-averse preferences are likely to report lower well-being. Our results suggest several policy mechanisms that can be used to enhance the well-being of women entrepreneurs.

Keywords: well-being; women entrepreneurs; institutions; entrepreneurship (search for similar items in EconPapers)
JEL-codes: I31 J24 M13 (search for similar items in EconPapers)
Date: 2023-02
New Economics Papers: this item is included in nep-ent and nep-hap
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http://www.economics.hawaii.edu/research/workingpapers/WP_23-03.pdf First version, 2023 (application/pdf)

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Journal Article: The well-being of women entrepreneurs: the role of gender inequality and gender roles (2024)
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