Entrepreneurial worries: Self-employment and potential loss of well-being

IF 2.5 2区经济学 Q2 ECONOMICS Journal of Economic Psychology Pub Date : 2024-10-21 DOI:10.1016/j.joep.2024.102773

Martin Binder

引用次数: 0

Abstract

The relationship between self-employment and life satisfaction has been shown to be heterogeneous in the literature. This paper analyzes a channel through which lower well-being can come about for the self-employed, namely, their worries about their business (“entrepreneurial worries”). Using a two-way fixed effects estimator on German panel data (1984–2020), I find no overall effect of becoming self-employed on life satisfaction, and heterogeneity analysis shows that only those self-employed individuals who change from unemployment to self-employment report higher life satisfaction. Mediation analysis reveals that worries about one’s financial situation (and, to some extent, job security) mediate the relationship between self-employment and life satisfaction. Life satisfaction decreases as self-employed individuals worry more about their financial situation as a result of becoming self-employed. Only if one does not worry about one’s financial situation at all does self-employment contribute positively to life satisfaction.

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创业忧虑：自营职业和潜在的福利损失

文献显示，自雇与生活满意度之间的关系存在差异。本文分析了自雇人士降低生活满意度的一个渠道，即他们对企业的担忧（"创业担忧"）。通过对德国面板数据（1984-2020 年）进行双向固定效应估计，我发现成为自雇人士对生活满意度没有整体影响，而异质性分析表明，只有那些从失业转为自雇的自雇人士才会报告较高的生活满意度。中介分析表明，对个人财务状况的担忧（以及在一定程度上对工作保障的担忧）是自雇与生活满意度之间关系的中介。当自营职业者因成为自营职业者而更加担心自己的经济状况时，生活满意度就会下降。只有当一个人完全不担心自己的经济状况时，自雇才会对生活满意度产生积极的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Psychology Multiple-

CiteScore

5.20

自引率

31.40%

发文量

审稿时长

63 days

期刊介绍： The Journal aims to present research that will improve understanding of behavioral, in particular psychological, aspects of economic phenomena and processes. The Journal seeks to be a channel for the increased interest in using behavioral science methods for the study of economic behavior, and so to contribute to better solutions of societal problems, by stimulating new approaches and new theorizing about economic affairs. Economic psychology as a discipline studies the psychological mechanisms that underlie economic behavior. It deals with preferences, judgments, choices, economic interaction, and factors influencing these, as well as the consequences of judgements and decisions for economic processes and phenomena. This includes the impact of economic institutions upon human behavior and well-being. Studies in economic psychology may relate to different levels of aggregation, from the household and the individual consumer to the macro level of whole nations. Economic behavior in connection with inflation, unemployment, taxation, economic development, as well as consumer information and economic behavior in the market place are thus among the fields of interest. The journal also encourages submissions dealing with social interaction in economic contexts, like bargaining, negotiation, or group decision-making. The Journal of Economic Psychology contains: (a) novel reports of empirical (including: experimental) research on economic behavior; (b) replications studies; (c) assessments of the state of the art in economic psychology; (d) articles providing a theoretical perspective or a frame of reference for the study of economic behavior; (e) articles explaining the implications of theoretical developments for practical applications; (f) book reviews; (g) announcements of meetings, conferences and seminars.

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