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Compensating income variation in health and subjective well-being for the self-employed
Villanova University, USA.
Montpellier Business School, France; Lancaster University Management School, UK.
Södertörn University, School of Social Sciences, Business Studies.ORCID iD: 0000-0003-2125-6155
2023 (English)In: Journal of Business Research, ISSN 0148-2963, E-ISSN 1873-7978, Vol. 160, article id 113815Article in journal (Refereed) Published
Abstract [en]

Complementing growing interest in entrepreneurship and well-being, we apply a conceptualization of compensating income variation (CIV) – how much extra income an individual would require offsetting the loss in subjective well-being from a unit decline in health – in health economics to entrepreneurship. We hypothesize and test the extent of the CIV among the self-employed and whether the CIV varies by sex and age. We use a Bayesian vector auto-regression model in the Household, Income, and Labour Dynamics in Australia (HILDA) Survey data. We find that the CIV for the self-employed (employed) was AUD 10,315 (AUD 6,873) annually for a unit decrease in subjective well-being. We do not find significant differences in the CIV among the self-employed by sex and age. The findings show that the self-employed requires higher compensatory income to accept poorer health. 

Place, publisher, year, edition, pages
Elsevier, 2023. Vol. 160, article id 113815
Keywords [en]
Age, Compensating income variation, Self-employed, Sex
National Category
Business Administration
Identifiers
URN: urn:nbn:se:sh:diva-51228DOI: 10.1016/j.jbusres.2023.113815ISI: 000954907200001Scopus ID: 2-s2.0-85149615778OAI: oai:DiVA.org:sh-51228DiVA, id: diva2:1745848
Available from: 2023-03-24 Created: 2023-03-24 Last updated: 2023-04-18Bibliographically approved

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Oghazi, Pejvak

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • sodertorns-hogskola-harvard.csl
  • sodertorns-hogskola-oxford.csl
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf