What is it about?

This study examines the subjective well-being of self-employed persons relative to wage employees in Ghana, a Sub-Saharan African country. Using datasets from the 2005 to 2014 World Values Survey (WVS), our results show that being self-employed in Ghana is associated with a lower probability of being satisfied with life than being wage-employed.

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Why is it important?

Our findings suggest that the perceived low level of life satisfaction among the self-employed in Ghana could explain the rationale behind the desire of some Ghanaians to seek wage employment rather than pursuing self-employment. Our results also could partly explain the non-survival of some entrepreneurial firms in Ghana over time.

Perspectives

Several developing countries, including Ghana, are confronted with unemployment challenges. Some graduates in Ghana have even formed an unemployed graduates association. Pursuing this study has opened my eyes to partially understand why some people in Ghana are reluctant to start their own businesses.

Dr. Thomas Korankye
University of Arizona

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This page is a summary of: The subjective well-being of self-employed persons: a national survey evidence from Ghana, Journal of Economic and Administrative Sciences, April 2022, Emerald, DOI: 10.1108/jeas-12-2021-0248.
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