UZH-Logo

Being Independent is a Great Thing: Subjective Evaluations of Self-Employment and Hierarchy


Frey, Bruno S; Benz, Matthias (2006). Being Independent is a Great Thing: Subjective Evaluations of Self-Employment and Hierarchy. Working paper series / Institute for Empirical Research in Economics No. 135, University of Zurich.

Abstract

One can be independent, or subject to decisions made by others. This paper argues that this difference, embodied in the institutional difference between the decisionmaking procedures “market” and “hierarchy”, affects individual well-being beyond outcomes. Taking self-employment as an important case of independence, it is shown that the self-employed derive higher satisfaction from work than people employed innorganizations, irrespective of income gained or hours worked. This is evidence for procedural utility: people do not only value outcomes, but also the processes leading to outcomes.

One can be independent, or subject to decisions made by others. This paper argues that this difference, embodied in the institutional difference between the decisionmaking procedures “market” and “hierarchy”, affects individual well-being beyond outcomes. Taking self-employment as an important case of independence, it is shown that the self-employed derive higher satisfaction from work than people employed innorganizations, irrespective of income gained or hours worked. This is evidence for procedural utility: people do not only value outcomes, but also the processes leading to outcomes.

Downloads

410 downloads since deposited on 29 Nov 2011
107 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
Dewey Decimal Classification:330 Economics
Language:English
Date:September 2006
Deposited On:29 Nov 2011 22:47
Last Modified:05 Apr 2016 15:11
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html
Permanent URL: http://doi.org/10.5167/uzh-52212

Download

[img]
Preview
Filetype: PDF
Size: 766kB

TrendTerms

TrendTerms displays relevant terms of the abstract of this publication and related documents on a map. The terms and their relations were extracted from ZORA using word statistics. Their timelines are taken from ZORA as well. The bubble size of a term is proportional to the number of documents where the term occurs. Red, orange, yellow and green colors are used for terms that occur in the current document; red indicates high interlinkedness of a term with other terms, orange, yellow and green decreasing interlinkedness. Blue is used for terms that have a relation with the terms in this document, but occur in other documents.
You can navigate and zoom the map. Mouse-hovering a term displays its timeline, clicking it yields the associated documents.

Author Collaborations