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Heterogeneous self-employment and satisfaction in Latin America

Alexandra Cortés Aguilar (), Teresa M. García Muñoz and Ana Moro-Egido ()
Authors registered in the RePEc Author Service: Teresa M. García-Muñoz ()

Journal of Economic Psychology, 2013, vol. 39, issue C, 44-61

Abstract: This paper analyzes the relationship between labor status and individual satisfaction in Latin America. Existing evidence for developed countries shows that the self-employed report higher job satisfaction than the employed. The evidence, however, is less conclusive in terms of life-satisfaction. Moreover, for Latin American countries, the evidence shows that self-employed individuals report lower life-satisfaction than employed individuals do. To clarify the effect of self-employment on satisfaction, we use the Latinobarómetro survey 2007 for eighteen Latin American and Caribbean countries, considering the category self-employment as a heterogeneous category. Additionally, we control for the distinction between necessity and opportunity self-employed. Contrary to existing evidence, we find that not all self-employed individuals are more satisfied than employed individuals. Specifically, we find evidence revealing that, compared to workers in paid employment: (i) self-employed professionals are more satisfied than the employed only with their incomes; (ii) business owners are more satisfied with their lives, income and job; (iii) self-employed famers and fisherman are less satisfied with their jobs and income; and (iv) precarious self-employed workers are as satisfied as the employed with their life but less with job, and for household income results are not conclusive.

Keywords: Labor informality; Voluntary vs. involuntary self-employment; Life, income and job satisfaction (search for similar items in EconPapers)
JEL-codes: C25 I31 J24 J28 O17 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:39:y:2013:i:c:p:44-61

DOI: 10.1016/j.joep.2013.07.001

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