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Revisiting Procedural Utility: Evidence from European Survey Data

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  • Stefan Schneck

Abstract

This research note presents cross-country evidence that job satisfaction is higher for self-employed than for employees. The examination, however, does not stop at this point and examines the reasons why this is the case. Using data on 25 European countries, we can show that individuals seem to derive utility from the way outcomes are achieved. In other words, our results are in line with procedural utility theory (Benz and Frey, 2004, 2008).

Suggested Citation

  • Stefan Schneck, 2012. "Revisiting Procedural Utility: Evidence from European Survey Data," EconStor Preprints 57929, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:57929
    as

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    File URL: https://www.econstor.eu/bitstream/10419/57929/1/Econstor_DP.pdf
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    References listed on IDEAS

    as
    1. Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
    2. Milo Bianchi, 2012. "Financial Development, Entrepreneurship, and Job Satisfaction," The Review of Economics and Statistics, MIT Press, vol. 94(1), pages 273-286, February.
    3. Fuchs-Schündeln, Nicola, 2009. "On preferences for being self-employed," Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 162-171, August.
    4. repec:dau:papers:123456789/5067 is not listed on IDEAS
    5. Matthias Benz & Bruno S. Frey, 2008. "Being Independent is a Great Thing: Subjective Evaluations of Self‐Employment and Hierarchy," Economica, London School of Economics and Political Science, vol. 75(298), pages 362-383, May.
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    Cited by:

    1. Schneck, Stefan, 2014. "Why the self-employed are happier: Evidence from 25 European countries," Journal of Business Research, Elsevier, vol. 67(6), pages 1043-1048.

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    More about this item

    Keywords

    Self-employment; job satisfaction; procedural utility;
    All these keywords.

    JEL classification:

    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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