Types of institutions and well-being of self-employed and paid employees in Europe

Michael Fritsch (), Alina Sorgner and Michael Wyrwich

Small Business Economics, 2021, vol. 56, issue 2, No 20, 877-901

Abstract: 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.

Keywords: Entrepreneurship; Institutions; Subjective well-being; Life satisfaction; Job satisfaction; L26; I31; D01; D91; P51 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Working Paper: Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe (2019)
Working Paper: Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe (2019)
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DOI: 10.1007/s11187-019-00274-2

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