 Money might not make you happy, but can happiness make you money? The value of leveraging subjective well-being to enhance financial well-being in self-employmentPankaj C. Patel and Marcus T. Wolfe Journal of Business Venturing Insights, 2019, vol. 12, issue C Abstract: In recent years there has been a growing interest in understanding the relationship between subjective well-being and self-employment. Extending this body of work, we ask whether subjective well-being is associated with financial well-being for self-employed individuals, and whether those with financial skills are better able to leverage subjective well-being to realize higher financial well-being. Using a sample of 332 self-employed individuals in the Consumer Financial Protection Bureau's (CFPB's) National Financial Well-Being Survey, we find that there is a positive association between subjective well-being and financial well-being, and this association is strengthened among those with higher financial skills. These findings highlight the need for assessing the association between different types of well-being from self-employment. Keywords: Financial skill; Financial well-being; Self-employment; Subjective well-being (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:12:y:2019:i:c:s235267341930037x DOI: 10.1016/j.jbvi.2019.e00134 Access Statistics for this article Journal of Business Venturing Insights is currently edited by Dimo Dimov More articles in Journal of Business Venturing Insights from Elsevier |
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