2023-09-28 14:46:10 +00:00
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abstract: 'Previous studies have pointed to the existence of barriers at the entry
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of self-employed sectors, such as liquidity constraints. In many
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countries, policies are directed toward removing these barriers in order
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to promote entrepreneurial activity. This paper examines whether such
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barriers exist by examining the amount of rent enjoyed by self-employed
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workers; if there are no barriers between the self-employed sector and
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the salary/wage sector, self-employed workers should not enjoy rents.
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Examination of the rent associated with self-employment, however, cannot
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simply be accomplished by comparing the incomes of self-employed and
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salary/wage workers. This is because self-employed workers may enjoy
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higher utility due to their work environment, with such benefits as
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autonomy and flexibility of work schedules. To overcome the difficulty
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of measuring self-employment rents, I use self-reported job satisfaction
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from the National Longitudinal Survey of Youth 79 (NLSY79) to capture
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workers'' overall satisfaction with their jobs. The results robustly
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indicate that self-employed workers are more satisfied with their jobs
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than salary/wage workers, even after allowing for the time-invariant
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individual heterogeneity in their reported job satisfaction. This result
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suggests that there are barriers at the entry into self-employment and
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that self-employed workers enjoy rents.'
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affiliation: 'Kawaguchi, D (Corresponding Author), Hitotsubashi Univ, Grad Sch Econ,
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Tokyo 1868601, Japan.
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Hitotsubashi Univ, Grad Sch Econ, Tokyo 1868601, Japan.'
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author: Kawaguchi, Daiii
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author-email: kawaguch@econ.hit-u.ac.jp
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author_list:
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- family: Kawaguchi
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given: Daiii
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da: '2023-09-28'
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doi: 10.15057/15881
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files: []
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issn: 0018-280X
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journal: HITOTSUBASHI JOURNAL OF ECONOMICS
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keywords: self-employment; job satisfaction
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keywords-plus: WINDFALL GAINS; ENTREPRENEURSHIP; RETURNS
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language: English
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month: JUN
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number: '1'
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number-of-cited-references: '20'
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orcid-numbers: Kawaguchi, Daiji/0000-0002-0595-9443
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pages: 35-45
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papis_id: c5cf7083cc8094a4fc75963d54327406
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ref: Kawaguchi2008selfemploymentrents
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times-cited: '10'
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title: 'Self-employment rents: Evidence from job satisfaction scores'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000257182900004
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usage-count-last-180-days: '0'
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usage-count-since-2013: '12'
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volume: '49'
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web-of-science-categories: Economics
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year: '2008'
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