Arbeitspapier
Compensating wage differentials among self-employed workers: Evidence from job satisfaction scores
Previous studies have found that self-employed workers with long business tenure earn less than other workers with similar characteristics. This difference in earnings can be explained by the compensating wage differential theory when self-employed jobs have attractive non-earnings aspects. Using the National Longitudinal Survey of Youth 79 (NLSY79), I test whether moves in and out of self-employment are associated with changes in recorded job satisfaction scores. By looking at changes in individualsf job satisfaction over time, I overcome the difficulty of interpreting differences in subjective job satisfaction scores across individuals associated with cross-sectional analysis. Using my estimates, I calculate the monetary value of the non-pecuniary aspects of self-employment and find that the value of self-employment in terms of job satisfaction is sufficiently high enough to support the compensating differential hypothesis as an explanation for lower earnings among self-employed workers.
- Language
-
Englisch
- Bibliographic citation
-
Series: ISER Discussion Paper ; No. 568
- Classification
-
Wirtschaft
- Subject
-
Lohnstruktur
Selbstständige
Arbeitszufriedenheit
Messung
Pareto-Optimum
Schätzung
Theorie
USA
- Event
-
Geistige Schöpfung
- (who)
-
Kawaguchi, Daiji
- Event
-
Veröffentlichung
- (who)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (where)
-
Osaka
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Kawaguchi, Daiji
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2002
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