Entrepreneurship and Job Satisfaction: The Role of Age

Michael Fritsch (), Alina Sorgner and Michael Wyrwich

No 2018-012, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: This paper investigates the relationship between job satisfaction and age for self-employed persons as compared to paid employees. While, on average, there are higher levels of job satisfaction in self-employment as compared to paid employment, we find that an individual's age is an important moderator in this relationship. Specifically, the probability of the self-employed to experience high levels of job satisfaction is quite similar across all age cohorts, but the job satisfaction of paid employees varies significantly with age. The degree to which self-employed people are more satisfied with their work than paid employees, therefore, is affected by the age of the individuals involved. We find that only those paid employees at the final stage of their working life have the same probability of experiencing a high level of job satisfaction as a self-employed person with comparable individual characteristics.

Keywords: Entrepreneurship; well-being; job satisfaction; age (search for similar items in EconPapers)
JEL-codes: D91 I31 J10 L26 (search for similar items in EconPapers)
Date: 2018-09-05
New Economics Papers: this item is included in nep-age, nep-ent and nep-eur
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Chapter: Entrepreneurship and job satisfaction: the role of age (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2018-012

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