Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10153665 | Journal of Comparative Economics | 2018 | 16 Pages |
Abstract
This study investigates the association between financial development and entrepreneurs' well-being in China, Ukraine, and Russia. We find that Chinese and Russian entrepreneurs have a higher level of well-being, while Ukrainian self-employed individuals have more dissatisfaction. The link between financial development and the utility of entrepreneurs varies as well. The utility differences between the self-employed and paid workers in Russia reduce with financial development and the effect is stronger for job satisfaction. However, financial development barely correlates with Ukrainian entrepreneurs' happiness while having no correlation with life satisfaction of Chinese self-employed. Further investigation suggests that the financial development - entrepreneurial utility association works through both monetary and non-monetary channels.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tho Pham, Oleksandr Talavera, Mao Zhang,