Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102732
Authors: 
Hetschko, Clemens
Year of Publication: 
2014
Series/Report no.: 
Discussion Paper, School of Business & Economics: Economics 2014/26
Abstract: 
German panel data is used to show that the decrease in life satisfaction caused by an increase in the probability of losing work is higher when self-employed than when paid employed. Further estimations reveal that becoming unemployed reduces self-employed workers´ satisfaction considerably more than salaried workers´ satisfaction. These results indicate that losing self-employment is an even more harmful life event than losing dependent employment. Monetary and non-monetary reasons seem to account for the difference between the two types of work. Moreover, it originates from the process of losing self-employment and the consequences of unemployment rather than from advantages of self-employment.
Subjects: 
life satisfaction
self-employment
probability of losing work
unemployment
JEL: 
I31
J24
J65
L26
Document Type: 
Working Paper

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