Journal
JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS
Volume 100, Issue -, Pages -Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.socec.2022.101922
Keywords
Family; Leisure; Life Satisfaction; Self-employment; WVS
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The purpose of this study is to examine the moderating role of perceived importance of family, friends, leisure time and work on the link between self-employment and life satisfaction. The results show that a higher level of perceived importance of family, friends, and leisure time reduces life satisfaction of self-employed individuals, while the perceived importance of work does not play a moderating role.
The purpose of this study is to examine the moderating role of perceived importance of family, friends, leisure time and work on the link between self-employment and life satisfaction. Using data from Wave 7 of the World Value Survey (2017-2020) collected from individuals in 51 countries, the results of Ordered Probit regressions show that a higher level of perceived importance of family, friends and leisure time reduces life satisfaction of self-employed individuals. We also find that the perceived importance of work does not play a moderating role in the relationship between self-employment and life satisfaction. These findings based on the most recent wave of the World Value Survey provide important implications for policymakers and entrepreneurs.
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