The Easterlin paradox of entrepreneurs during China's economic transition

Jidong Yang, Yunqi Zeng and Qing Wang

International Studies of Economics, 2023, vol. 18, issue 2, 211-237

Abstract: This paper investigates the determinants and the time pattern of the subjective well‐being of private business owners. We find that both personal and enterprise‐level factors have a significant influence on subjective status of private business owners. Meanwhile, we find supportive evidence of Easterlin paradox among Chinese private entrepreneurs: both personal income and operating revenue enhance subjective status in a certain period, but subjective status declines as time goes by, even as incomes continue to rise. A further Oaxaca–Blinder decomposition suggests that the competition and provincial factors are the keys to explaining the paradox. Finally, we try to verify the positive effect of political connection on entrepreneurs' subjective status to provide some helpful advice for the government.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/ise3.30

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:intsec:v:18:y:2023:i:2:p:211-237

Access Statistics for this article

More articles in International Studies of Economics from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().