HCBE Faculty Articles

Title

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

Document Type

Article

Date

2016

Publication Title

International Review of Entrepreneurship

ISSN or ISBN

2009-2822

Volume

14

Issue

3

First Page

289

Last Page

312

Description

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).

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