In the Eye of the Storm: Entrepreneurs and Well-Being During the COVID-19 Crisis

Mikaela Backman, Johannes Hagen, Orsa Kekezi, Lucia Naldi and Tina Wallin

Entrepreneurship Theory and Practice, 2023, vol. 47, issue 3, 751-787

Abstract: In this paper, we examine the impact of the COVID-19 pandemic on the well-being of entrepreneurs. We surveyed a representative sample of Swedish entrepreneurs and wage employees at different stages of the COVID-19 pandemic. The survey data, combined with register data, show that the COVID-19 outbreak has a negative effect on the well-being of entrepreneurs in terms of increased perceived stress. However, this negative effect is weaker for entrepreneurs who feel younger than their chronological age and entrepreneurs who are geographically distant from the epicenter of the crisis.

Keywords: well-being; entrepreneurs; crisis; subjective age; location; JEL-codes: C83, I31, J10, L26. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:47:y:2023:i:3:p:751-787

DOI: 10.1177/10422587211057028

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