The Value of Autonomy: Evidence from the Self-Employed in 23 Countries

Matthias Benz and Bruno Frey

No 173, IEW - Working Papers from Institute for Empirical Research in Economics - University of Zurich

Abstract: The self-employed are substantially more satisfied with their work than employed persons. We document this relationship for 23 countries and show that the higher job satisfaction can directly be attributed to the greater autonomy that self-employed persons enjoy. "Being your own boss" seems to provide non-pecuniary benefits from work that point to the existence of procedural utility: autonomy is valued beyond outcomes as a good decision-making procedure. The results hold not only for Western European, North American and former communist Eastern European countries, but largely also for countries with a non-western cultural background.

Keywords: self-employment; autonomy; job satisfaction; procedural utility (search for similar items in EconPapers)
JEL-codes: D00 J23 J81 L22 M54 (search for similar items in EconPapers)
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