Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76340
Authors: 
Frey, Bruno
Benz, Matthias
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 959
Abstract: 
One can be independent, or subject to decisions made by others. This paper empirically tests whether individuals attach an intrinsic value to the institutional difference between independence and hierarchy. Taking self-employment as an important case of independence, it is shown that the self-employed derive more utility from their work than people employed by an organization, irrespective of income gained or hours worked. This is evidence for procedural utility: people do not only value outcomes, but also the conditions and processes leading to these outcomes.
Subjects: 
procedural utility
institutions
hierarchiy
self-employment
job satisfaction
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.