Financial Development, Entrepreneurship, and Job Satisfaction

Bianchi, Milo

doi:10.1162/rest_a_00156

Cited by 60 publications

(45 citation statements)

References 38 publications

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“…Individuals with a good work-life balance are able to combine their working and non-working life in a satisfactory manner, entailing high levels of work satisfaction and leisure satisfaction. Consistent with earlier cross-sectional research that finds higher levels of work satisfaction for the self-employed compared with paid employees (Blanchflower and Oswald 1998;Blanchflower 2000;Hundley 2001;Frey 2004, 2008;Bianchi 2012;Millán, Hessels, Thurik, and Aguado 2013), we expect a positive relationship between selfemployment and work satisfaction. The self-employed are expected to be more satisfied with their work because they enjoy more "procedural utility" from operating independently in markets and do not report to a boss (Hamilton 2000;Hundley 2001;Benz and Frey 2008).…”

Section: Self-employment and Work-life Balancesupporting

confidence: 85%

“…Such job characteristics translate into higher levels of work satisfaction for the self-employed compared with the paid employed (Blanchflower and Oswald 1998;Blanchflower 2000;Hundley 2001;Frey 2004, 2008;Bianchi 2012;Millán, Hessels, Thurik, and Aguado 2013), despite the fact that the earnings of the self-employed are on average lower, more skewed, and more volatile than those of the paid employed (Hamilton 2000). Much less is known, however, about how such job characteristics affect the non-working life of the self-employed.…”

Section: Introductionmentioning

confidence: 99%

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The Pleasures and Pains of Self-Employment: A Panel Data Analysis of Satisfaction with Life, Work, and Leisure

2015

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Abstract:We investigate how a transition from paid employment to self-employment in the labor market influences life satisfaction. Furthermore, we consider the dynamics of work and leisure satisfaction because the balance between work and leisure is an important element of life satisfaction. Fixed-effects regressions using German Socio-Economic Panel data reveal that switching to self-employment benefits life and work satisfaction. The effects on life satisfaction are weak and temporary, but they are pronounced and relatively persistent for work satisfaction. However, the gain in work satisfaction is outweighed by a decrease in leisure satisfaction, thus placing work-life balance under severe pressure.

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Section: Self-employment and Work-life Balancesupporting

confidence: 85%

Section: Introductionmentioning

confidence: 99%

The Pleasures and Pains of Self-Employment: A Panel Data Analysis of Satisfaction with Life, Work, and Leisure

2015

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“…Graham and Petinatto (2001) use data from 17 Latin American countries and show that being self-employed has no significant effect on happiness. Bianchi (2012) shows that the positive effect of self-employment on job satisfaction is conditional on financial sector development. In the countries with the least sophisticated financial markets, there is no significant effect of self-employment.…”

Section: Introductionmentioning

confidence: 99%

“…In the countries with the least sophisticated financial markets, there is no significant effect of self-employment. Both Graham (2005b) and Bianchi (2012) interpret their negative or insignificant findings as the result of self-employment being less of a choice in some developing countries than in developed countries. If people are selfemployed only because no wage work is offered, their experience of autonomy is likely to be reduced and the effect of self-employment on happiness may vanish.…”

Section: Introductionmentioning

confidence: 99%

The Happy Farmer: Self-Employment and Subjective Well-Being in Rural Vietnam

et al. 2017

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Using a unique survey data set this paper documents a positive effect of selfemployment in farming on subjective well-being. This direct effect is only partly offset by negative, indirect effects working through income and other variables. These findings are interpreted as effects of self-employment in farming on perceived autonomy, competence and relatedness. The results suggest that economic transformation is associated with a psychological cost, which may contribute to explaining earnings gaps between sectors and types of employment. We also investigate other determinants of happiness, and for example find strong positive effects of own income and strong negative effects of neighbors' income, suggesting the importance of relative rather than absolute levels of income.

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“…Entrepreneur develops, organizes and manages a business venture along with managing of various risks involved in order to achieve a particular objective. Entrepreneurship is widely considered to be an engine for creating jobs, economic growth and social adjustment (e.g., Bianchi, 2012) [4].…”

Section: Introductionmentioning

confidence: 99%

A Preliminary Study of Barriers to Bank Financing of Ethnic Chinese Entrepreneurs in the UK

Zhang¹

2015

JSS

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Ethnic minority entrepreneurship has been a growing research interest, however, little has been known about financial barriers to start up and run a business venture from the perspectives of UK ethnic Chinese entrepreneurs. The aim of this study is to explore the financial barriers of ethnic Chinese entrepreneurs in starting up and running a business in the UK. Through semi-structured interviews with 12 ethnic Chinese entrepreneurs who run businesses in the UK, this study has preliminarily found: 1) ethnic Chinese businesses in the UK have increasingly faced difficulties to get access to bank finance since the global financial crisis; 2) the difficulties are largely caused by a lack of communication and understanding between the entrepreneurs and financial institutions; 3) the traditional perceptions of Chinese businesses have disadvantaged ethnic Chinese entrepreneurs in the UK when they apply for bank credits. This study offers a number of implications. For policy-makers, an understanding of the characteristics of ethnic Chinese businesses and financing barriers to ethnic Chinese in business start-ups and running is important for the development of policy that encourages and supports ethnic Chinese businesses. For banks in the UK to expand their business, there is a need to develop tailored products and services specifically for ethnic Chinese entrepreneurs.

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Financial Development, Entrepreneurship, and Job Satisfaction

Cited by 60 publications

References 38 publications

The Pleasures and Pains of Self-Employment: A Panel Data Analysis of Satisfaction with Life, Work, and Leisure

The Pleasures and Pains of Self-Employment: A Panel Data Analysis of Satisfaction with Life, Work, and Leisure

The Happy Farmer: Self-Employment and Subjective Well-Being in Rural Vietnam

A Preliminary Study of Barriers to Bank Financing of Ethnic Chinese Entrepreneurs in the UK

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