TY - RPRT AU - Fritsch, Michael AU - Sorgner, Alina AU - Wyrwich, Michael TI - Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe PY - 2019/May/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 12336 UR - https://www.iza.org/index.php/publications/dp12336 AB - This paper analyzes the role of different types of institutions, such as entrepreneurship-facilitating entry conditions, labor market regulations, quality of government, and perception of corruption for individual well-being among self-employed and paid employed individuals. Well-being is operationalized by job and life satisfaction of individuals in 32 European countries measured by data from EU Statistics on Income and Living Conditions (EU-SILC). We find that institutions never affected both occupational groups in opposite ways. Our findings indicate that labor market institutions do not play an important role well-being. The results suggest that fostering an entrepreneurial society in Europe is a welfare enhancing strategy that benefits both, the self-employed and paid employees. KW - entrepreneurship KW - institutions KW - well-being KW - life satisfaction KW - job satisfaction ER -