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030 Department Bulletin Papers = 本学紀要論文
*Hitotsubashi journal of economics
Vol. 65, no. 1(Jun. 2024)
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Vol. 49, no. 2 (Dec. 2008)
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Vol. 01, no. 1 (Oct. 1960)
Number of Access this item:
2,606
(
2024-07-27
23:45 Counts
)
Identifier to cite or link to this item: https://doi.org/10.15057/15881
Identifier to cite or link to this item: https://hdl.handle.net/10086/15881
Link to primary information
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cover_15881
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Item Information
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Title
Self-Employment Rents : Evidence from Job Satisfaction Scores
Creator
Creator Name
Kawaguchi, Daiji
Kawaguchi, Daiji
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
Self-Employmen
Job Satisfaction
JEL
J23
J31
Abstract
Previous studies have pointed to the existence of barriers at the entry of self-employed sectors, such as liquidity constraints. In many countries, policies are directed toward removing these barriers in order to promote entrepreneurial activity. This paper examines whether such barriers exist by examining the amount of rent enjoyed by self-employed workers; if there are no barriers between the self-employed sector and the salary/wage sector, self-employed workers should not enjoy rents. Examination of the rent associated with self-employment, however, cannot simply be accomplished by comparing the incomes of self-employed and salary/wage workers. This is because self-employed workers may enjoy higher utility due to their work environment, with such benefits as autonomy and flexibility of work schedules. To overcome the difficulty of measuring self-employment rents, I use self-reported job satisfaction from the National Longitudinal Survey of Youth 79 (NLSY79) to capture workers' overall satisfaction with their jobs. The results robustly indicate that self-employed workers are more satisfied with their jobs than salary/wage workers, even after allowing for the time-invariant individual heterogeneity in their reported job satisfaction. This result suggests that there are barriers at the entry into self-employment and that self-employed workers enjoy rents.
Publisher
Hitotsubashi University
Issued Date
2008-06
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/15881
ISSN
0018-280x
NCID
AA00207547
Source Title
Hitotsubashi Journal of Economics
Volume Number
49
Issue Number
1
Page Start
35
Page End
45
Appears in Collections
Vol. 49, no. 1 (Jun. 2008)
URL
https://hdl.handle.net/10086/15881
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