Does self-employment really raise job satisfaction? Adaptation and anticipation effects on self-employment and general job changes
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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Does self-employment really raise job satisfaction? Adaptation and anticipation effects on self-employment and general job changes. / Hanglberger, Dominik; Merz, Joachim.
in: Journal for Labour Market Research, Jahrgang 48, Nr. 4, 01.12.2015, S. 287-303.Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Does self-employment really raise job satisfaction?
T2 - Adaptation and anticipation effects on self-employment and general job changes
AU - Hanglberger, Dominik
AU - Merz, Joachim
PY - 2015/12/1
Y1 - 2015/12/1
N2 - Empirical analyses using cross-sectional and panel data found significantly higher levels of job satisfaction for the self-employed than for employees. We argue that by neglecting anticipation and adaptation effects estimates in previous studies might be misleading. To test this, we specify models accounting for anticipation and adaptation to self-employment and general job changes. In contrast 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 two-thirds. When controlling for anticipation and adaptation to job changes, we find a positive anticipation effect of self-employment and a positive effect of self-employment on job satisfaction in the first years of self-employment. After 3 years, adaptation eliminates the higher satisfaction of being self-employed. According to our results, previous studies overestimate the positive long-term effects of self-employment on job satisfaction.
AB - Empirical analyses using cross-sectional and panel data found significantly higher levels of job satisfaction for the self-employed than for employees. We argue that by neglecting anticipation and adaptation effects estimates in previous studies might be misleading. To test this, we specify models accounting for anticipation and adaptation to self-employment and general job changes. In contrast 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 two-thirds. When controlling for anticipation and adaptation to job changes, we find a positive anticipation effect of self-employment and a positive effect of self-employment on job satisfaction in the first years of self-employment. After 3 years, adaptation eliminates the higher satisfaction of being self-employed. According to our results, previous studies overestimate the positive long-term effects of self-employment on job satisfaction.
KW - Economics, empirical/statistics
KW - Job satisfaction
KW - Self-employment
KW - Hedonic treadmill model
KW - Adaptation
KW - Anticipation
KW - Fixed effects panel estimation
KW - German Socio-Economic Panel
KW - Selbständigkeit
KW - Arbeitszufriedenheit
KW - Modelle
KW - Adaptation
KW - Erwartungen
KW - Berufswechsel
UR - http://www.scopus.com/inward/record.url?scp=84975229346&partnerID=8YFLogxK
U2 - 10.1007/s12651-015-0175-8
DO - 10.1007/s12651-015-0175-8
M3 - Journal articles
VL - 48
SP - 287
EP - 303
JO - Journal for Labour Market Research
JF - Journal for Labour Market Research
SN - 1614-3485
IS - 4
ER -