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Do Entrepreneurs Have High Life Satisfaction? Evidence from Japan

Yuji Honjo, Kenta Ikeuchi and Hiroki Nakamura

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: 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
Date: 2019-10
New Economics Papers: this item is included in nep-ent and nep-hap
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:19083

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