Types of institutions and well-being of self-employed and paid employees in Europe

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 operationa...

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Bibliographic Details
Published inSmall business economics Vol. 56; no. 2; pp. 877 - 901
Main Authors Fritsch, Michael, Sorgner, Alina, Wyrwich, Michael
Format Journal Article
LanguageEnglish
Published New York Springer US 01.02.2021
Springer Nature B.V
Subjects
Business and Management
Corruption
Entrepreneurs
Entrepreneurship
Industrial Organization
Labor market
Life satisfaction
Living conditions
Management
Microeconomics
Regulation
Self employment
Welfare
Well being
Europe
Subjective well-being
L26
D01
Entrepreneurship
I31
Job satisfaction
Institutions
D91
P51
Life satisfaction
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Summary: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 for 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.
ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-019-00274-2