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Being independent is a great thing: Subjective evaluations of self-employment and hierarchy

Опубликовано на портале: 26-11-2008
Economica. 2008.  Vol. 75. No. 298. P. 362-383. 
One can be independent, or one can be subject to decisions made by others. This paper argues that this difference, embodied in the institutional distinction between the decision-making procedures 'market' and 'hierarchy', affects individual wellbeing beyond outcomes. Taking self-employment as an important case of independence, it is shown that the self-employed derive higher satisfaction from work than those employed in organizations, irrespective of income gained or hours worked. This is evidence for procedural utility: people value not only outcomes, but also the processes leading to outcomes.

Ссылки
http://www3.interscience.wiley.com/journal/119389926/abstract
http://www.iew.uzh.ch/wp/iewwp135.pdf
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=359822
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