Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe

Michael Fritsch (), Alina Sornger () and Michael Wyrwich
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Alina Sornger: John Cabot University Rome, Italy, and Kiel Institute for the World Economy (IfW), and Institute of Labor Economics (IZA Bonn), Germany
Authors registered in the RePEc Author Service: Alina Sorgner

No 2019-002, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: This paper analyzes the role of different types of institutions, such as entre- preneurship-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 im- portant role 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.

Keywords: Entrepreneurship; institutions; well-being; life satisfaction; job satisfaction (search for similar items in EconPapers)
JEL-codes: D01 D91 I31 L26 P51 (search for similar items in EconPapers)
Date: 2019-05-02
New Economics Papers: this item is included in nep-ent, nep-eur, nep-hap and nep-ltv
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Types of institutions and well-being of self-employed and paid employees in Europe (2021)
Working Paper: Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2019-002

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