Are Self-Employed Really Happier Than Employees? An Approach Modelling Adaptation and Anticipation Effects to Self-Employment and General Job Changes
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
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Are Self-Employed Really Happier Than Employees? An Approach Modelling Adaptation and Anticipation Effects to Self-Employment and General Job Changes. / Hanglberger, Dominik; Merz, Joachim.
Lüneburg : Forschungsinstitut Freie Berufe, 2011. (FFB-Discussion Paper; Nr. 88).Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
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TY - UNPB
T1 - Are Self-Employed Really Happier Than Employees?
T2 - An Approach Modelling Adaptation and Anticipation Effects to Self-Employment and General Job Changes
AU - Hanglberger, Dominik
AU - Merz, Joachim
PY - 2011
Y1 - 2011
N2 - Empirical analyses using cross-sectional and panel data found significantly higher levels of job satisfaction for self-employed than for employees. We argue that those estimates in previous studies might be biased by neglecting anticipation and adaptation effects. For testing we specify several models accounting for anticipation and adaptation to self-employment and job changes. Based on data from the German Socio-Economic Panel Survey (SOEP) we find that becoming self-employed is associated with large negative anticipation effects. Incontrast to recent literature we find no specific long term effect of self-employment on job satisfaction. Accounting for anticipation and adaptation to job changes in general, which includes changes between employee jobs, reduces the effect of self-employment on job satisfaction by 70%. When controlling for anticipation and adaptation to job changes, we find no further anticipation effect of self-employment and a weak positive but not significant effect of self-employment on job satisfaction for three years. Thus adaptation wipes out higher satisfaction within the first three years being self-employed. According to our results previous studies at least overestimated possible positive effects of self-employment on job satisfaction.
AB - Empirical analyses using cross-sectional and panel data found significantly higher levels of job satisfaction for self-employed than for employees. We argue that those estimates in previous studies might be biased by neglecting anticipation and adaptation effects. For testing we specify several models accounting for anticipation and adaptation to self-employment and job changes. Based on data from the German Socio-Economic Panel Survey (SOEP) we find that becoming self-employed is associated with large negative anticipation effects. Incontrast to recent literature we find no specific long term effect of self-employment on job satisfaction. Accounting for anticipation and adaptation to job changes in general, which includes changes between employee jobs, reduces the effect of self-employment on job satisfaction by 70%. When controlling for anticipation and adaptation to job changes, we find no further anticipation effect of self-employment and a weak positive but not significant effect of self-employment on job satisfaction for three years. Thus adaptation wipes out higher satisfaction within the first three years being self-employed. According to our results previous studies at least overestimated possible positive effects of self-employment on job satisfaction.
KW - Economics, empirical/statistics
KW - Arbeitszufriedenheit
KW - Selbständige
KW - hedonic treadmill
KW - Adaption
KW - Antizipation
KW - fixed-effects Panelschätzungen
KW - Sozio-oekonomisches Panel (SOEP)
KW - job satisfaction
KW - self-employment
KW - hedonic treadmill model
KW - adaptation
KW - anticipation
KW - fixed-effects panel estimations
KW - German Socio-Economic Panel (SOEP)
KW - Gender and Diversity
M3 - Working papers
T3 - FFB-Discussion Paper
BT - Are Self-Employed Really Happier Than Employees?
PB - Forschungsinstitut Freie Berufe
CY - Lüneburg
ER -