Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe

Michael Fritsch (), Alina Sorgner and Michael Wyrwich

No 12336, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper analyzes the role of different types of institutions, such as entrepreneurship-facilitating entry conditions, labor market regulations, quality of government, and perception of corruption for individual well-being among self-employed and paid employed individuals. Well-being is operationalized by job and life satisfaction of individuals in 32 European countries measured by data from EU Statistics on Income and Living Conditions (EU-SILC). We find that institutions never affected both occupational groups in opposite ways. Our findings indicate that labor market institutions do not play an important role well-being. The results suggest that fostering an entrepreneurial society in Europe is a welfare enhancing strategy that benefits both, the self-employed and paid employees.

Keywords: entrepreneurship; institutions; well-being; life satisfaction; job satisfaction (search for similar items in EconPapers)
JEL-codes: D01 D91 I31 L26 P51 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2019-05
New Economics Papers: this item is included in nep-ent, nep-eur, nep-hap and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published - revised version published in: Small Business Economics, 2021, 56, 877–901

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Related works:
Journal Article: Types of institutions and well-being of self-employed and paid employees in Europe (2021)
Working Paper: Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe (2019)
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