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Does self-employment contribute to national happiness ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Harbia, Sana El Grolleaub, Gilles |
| Copyright Year | 2015 |
| Abstract | Recent studies showed that self-employment impacts individual happiness either positively or negatively. Rather than considering the happiness effects at the individual level, we assess whether self-employment effects spread and impact the domestic happiness beyond the involved individuals. We distinguish a direct effect of self-employment on life satisfaction and an indirect effect through the impact of self-employment on per capita income and the subsequent impact of income on life satisfaction. Using panel data analysis for 15 OECD countries over a period of 18 years, we investigate empirically whether countries with higher levels of self-employment are happier, by disentangling the two previously mentioned effects. We remedy the potential endogeneity problem when estimating the indirect effect by instrumenting the self-employment rate. The main finding is a significant and negative direct effect which is larger in magnitude than the indirect effect, resulting in an overall negative effect of self-employment on the domestic happiness. © 2012 Elsevier Inc. All rights reserved. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://isiarticles.com/bundles/Article/pre/pdf/27402.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Endogeneity (econometrics) Estimated Instrumentation (computer programming) Large Organisation for Economic Co-Operation and Development Panel data |
| Content Type | Text |
| Resource Type | Article |
