@techreport{fd577dd1fa1849339966b2a97a5c3866,
title = "Optimism, Job Satisfaction and Self-Employment",
abstract = "Using UK data from 1991 to 2008 this paper investigates whether excessive optimism affects individual level self-employed job satisfaction. Within the context of this paper, excessive optimism refers to the inclination to overestimate the probability of good financial outcomes. Evidence is provided that conditional on self-employed performance, optimism is negatively and significantly associated with self-employed job satisfaction, especially satisfaction with pay. Moreover the detrimental effects of optimism on satisfaction are larger in self-employment than in paid-employment. The results indicate that the higher levels of satisfaction obtained by the self-employed do not result from the self-selection of optimists, suggesting previous studies may underestimate the positive effects of self-employment on utility.",
keywords = "Optimism, self-employment, job satisfaction, expectations",
author = "Chris Dawson",
year = "2014",
month = apr,
day = "15",
language = "English",
series = "Bath Economics Research Working Papers",
publisher = "Department of Economics, University of Bath",
number = "20/14",
type = "WorkingPaper",
institution = "Department of Economics, University of Bath",
}