Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247892 
Year of Publication: 
2021
Series/Report no.: 
IFN Working Paper No. 1410
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
Abstract: 
Amidst considerable debate on the relationship between entrepreneurship and economic inequality, scholarship only indirectly addresses how entrepreneurship informs individuals' relative well-being. We theorize on the nuanced relationship between entrepreneurship and equality of eudaimonic well-being through the lens of New Institutional Economics. Drawing on theories of human flourishing, we suggest that entrepreneurial action is an underappreciated mechanism by which individuals pursue well-being. Equality of well-being is thus influenced by a society's entrepreneurial accessibility: the freedom of individuals to choose to engage in entrepreneurial action. We present a multilevel framework in which institutional factors enable entrepreneurial action by promoting entrepreneurial accessibility-a factor, that, in turn, affects well-being for individual entrepreneurs as well as societal eudaimonic equality. The ex ante conditions for equality of well-being entail institutions that yield broad entrepreneurial accessibility. Our work highlights the institutional prerequisites for human flourishing in the entrepreneurial society beyond (unequal) economic distributions.
Subjects: 
Inequality
Entrepreneurship
Well-being
Institutions
Eudaimonia
JEL: 
D31
D63
I30
L26
O43
Document Type: 
Working Paper

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