Do Entrepreneurs Have High Life Satisfaction? Evidence from Japan
Kenta Ikeuchi and
Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)
This study investigates the impact of entrepreneurial experience on life satisfaction. Using a unique survey about entrepreneurial experience, level of wealth, and personal attributes of individuals in Japan, we examine the factors that mediate the association between entrepreneurial experience and subjective well-being. As a result, we do not find any evidence on the total effect of entrepreneurial experience on subjective well-being. However, we find a positive indirect effect of entrepreneurial experience on subjective well-being through wealth, in addition to a negative indirect effect through debt. Our findings suggest that monetary incentives motivate Japanese individuals to become entrepreneurs.
Pages: 34 pages
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:19083
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