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.
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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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