Self-employment, financial development, and well-being: Evidence from China, Russia, and Ukraine
Oleksandr Talavera and
Journal of Comparative Economics, 2018, vol. 46, issue 3, 754-769
This study investigates the association between financial development and entrepreneurs’ well-being in China, Ukraine, and Russia. We find that Chinese and Russian entrepreneurs have a higher level of well-being, while Ukrainian self-employed individuals have more dissatisfaction. The link between financial development and the utility of entrepreneurs varies as well. The utility differences between the self-employed and paid workers in Russia reduce with financial development and the effect is stronger for job satisfaction. However, financial development barely correlates with Ukrainian entrepreneurs’ happiness while having no correlation with life satisfaction of Chinese self-employed. Further investigation suggests that the financial development – entrepreneurial utility association works through both monetary and non-monetary channels.
Keywords: Entrepreneurship; Self-employment; Satisfaction; Financial development (search for similar items in EconPapers)
JEL-codes: J24 J28 O16 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
Working Paper: Self-employment, financial development and well-being: Evidence from China, Russia and Ukraine (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:jcecon:v:46:y:2018:i:3:p:754-769
Access Statistics for this article
Journal of Comparative Economics is currently edited by D. Berkowitz and G. Roland
More articles in Journal of Comparative Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().