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Self-employment and Life Satisfaction: The Moderating Role of Perceived Importance of Family, Friends, Leisure Time, and Work

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  • Gholipour, Hassan F.
  • Kalantari, Hassan D.
  • Kousary, Mohammad

Abstract

The purpose of this study is to examine the moderating role of perceived importance of family, friends, leisure time and work on the link between self-employment and life satisfaction. Using data from Wave 7 of the World Value Survey (2017-2020) collected from individuals in 51 countries, the results of Ordered Probit regressions show that a higher level of perceived importance of family, friends and leisure time reduces life satisfaction of self-employed individuals. We also find that the perceived importance of work does not play a moderating role in the relationship between self-employment and life satisfaction. These findings based on the most recent wave of the World Value Survey provide important implications for policymakers and entrepreneurs.

Suggested Citation

  • Gholipour, Hassan F. & Kalantari, Hassan D. & Kousary, Mohammad, 2022. "Self-employment and Life Satisfaction: The Moderating Role of Perceived Importance of Family, Friends, Leisure Time, and Work," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 100(C).
    • Handle: RePEc:eee:soceco:v:100:y:2022:i:c:s2214804322000945
    DOI: 10.1016/j.socec.2022.101922
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