Satisfaction and Self-Employment: Do Women Benefit More from Being Their Own Boss?

Karen Maguire and John Winters

No 1713, Economics Working Paper Series from Oklahoma State University, Department of Economics and Legal Studies in Business

Abstract: This paper uses individual self-reported life satisfaction data to analyze the relationship between self-employment and subjective well-being by gender and race. We document substantial heterogeneity, with women appearing to benefit the most from self-employment. Self-employed women have significantly higher rates of being very satisfied relative to both traditionally employed women and self-employed men. We also find that the self-employed have higher rates of dissatisfaction, and this adverse relationship with self-employment is most pronounced for minorities. These nuanced findings broaden our understanding of the relationship between self-employment and subjective well-being and have important implications for both researchers and policymakers.

Keywords: Well-being; Entrepreneurship; Self-Employment; Gender; Race (search for similar items in EconPapers)
JEL-codes: I10 I31 J2 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2017-08
New Economics Papers: this item is included in nep-ent, nep-hap and nep-ltv
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:okl:wpaper:1713

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