Most studies in the economics discourse argue that the impact of self-employment on job satisfaction is mediated by greater procedural freedom and autonomy. Values and personality traits are considered less likely to explain the utility difference between self-employed and salaried workers. Psychology scholars suggest that entrepreneurial satisfaction also depends, at least in part, on specific values and personality traits. Utilising a large dataset derived from the 2006 European Social Survey, this study performs a complementary analysis by taking personality traits, personal values and indicators for workers' autonomy explicitly into account. The empirical findings add further strength to economists' argument that, net of values and personality traits, autonomy and independence are the mechanisms by which self-employment leads to higher levels of job satisfaction. These results hold true for both, male and female subsamples even when a multitude of socio-demographic characteristics, personal values and personality traits are controlled for. JEL classification: J28, L26

Reviews and elaborates on some of the major skills development barriers for small and medium‐sized enterprises (SMEs). The analysis reveals the influence of the prevalent SME culture to be significant. Other barriers that are identified refer to awareness, finance, access and provision of training and other skills development opportunities. By highlighting the difficulties that SMEs face in deciding to advance the skills of their workforce more formally, some government strategies are also discussed. The paper does this by reference to a number of recent qualitative and quantitative studies undertaken to investigate the attitude of Scottish SMEs towards learning and skills. The paper concludes by arguing that the continuous creation of new skills strategies, new initiatives, new (and at times misleading) names and labels in recent years has added to an apparent state of confusion among small and medium‐sized companies and their employees.

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PurposeThis paper aims to contribute to the growing body of empirical evaluations of subjective wellbeing by assessing the impact of basic cultural values and beliefs on job satisfaction across 20 countries in Eastern and Western Europe.Design/methodology/approachBasic cultural values and beliefs are defined by reference to traditional vs secular values and survival vs self‐expression values, respectively. Data derived from the European Values Study 1999/2000 are utilised, which provide detailed information not only on job satisfaction and socio‐demographic characteristics, but also on individuals' subjective views on religion, family values, work, child‐parent ties, political engagement, tolerance and interpersonal trust. Ordered probit regressions are performed to determine the significance of these characteristics, values and beliefs on job satisfaction.FindingsThe study highlights the strong influence of a society's broad cultural heritage on individuals' wellbeing at work. This raises questions about the impetus for numerous motivational interventions by managers and consultants. Traditional cultural values exhibit a strong influence on workers' job satisfaction in Western Europe. Interpersonal trust serves as a particularly strong predictor of job satisfaction for both Eastern and Western Europe, and for both male and female workers. The main difference between Eastern and Western Europe is driven primarily by the importance of family and religion.Originality/valueIn previous studies, job satisfaction has been strongly associated with measures of organisational culture. In contrast, the broad cultural heritage of a society as measured by its basic value and belief system has not figured prominently in this literature. This paper adds value by contributing to this fledgling field of empirical research.

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