HCBE Faculty Articles

Self-Employed Individuals with and without Employees: Individual, Social, and Economic Level Differences

ORCID

Maria Petrescu0000-0002-4261-6773

Document Type

Article

Publication Title

International Review of Entrepreneurship

ISSN

2009-2822

Publication Date

2016

Abstract/Excerpt

This paper focuses on the differences between solo self-employed individuals and selfemployed persons that hire employees, in terms of individual, social and economic variables. The study is based on Dyer's (1994) model of entrepreneurial careers and Schwartz' (1992, 1994) values inventory and uses data from Wave 7 of the European Social Survey released in 2016. The analysis found that, compared to solo self-employed, self-employed individuals with employees have higher scores regarding their need for power values, i.e., they attach higher importance to achieving high social status and prestige, authority, wealth, and a positive public image. Moreover, the level of overall happiness is higher for self-employed with employees, even when controlling for their higher incomes. On the other hand, entrepreneurs attaching a high importance to self-direction (including job autonomy) were more often found to be working on their own (i.e., solo selfemployed).

Volume

14

Issue

3

First Page

289

Last Page

312

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