Pecuniary and Non-Pecuniary Aspects of Self-Employment Survival

Yannis Georgellis, John Sessions, Nikolaos Tsitsianis

Research output: Contribution to journalArticlepeer-review

50 Citations (SciVal)


We examine the factors that determine self-employment duration in Britain, paying particular attention to self-reported job satisfaction variables and non-pecuniary aspects of self-employment. Based on spell data from the British Household Panel Study, we estimate single-risk and competing-risks hazard models, separately for males and females. Our results show that job satisfaction is indeed a strong predictor of self-employment exit, even after controlling for standard economic and demographic variables. When five domain job satisfaction measures are used, we find that pay, job security and initiative are the three aspects of self-employment most valued by the self-employed themselves. Gender differences regarding the determinants of self-employment survival and exit destination states are also evident.
Original languageEnglish
Pages (from-to)94-112
Number of pages19
JournalQuarterly Review of Economics and Finance
Issue number1
Publication statusPublished - 2007


  • Job Satisfaction
  • Non-labor Discrimination (J160)
  • Labor Demand (J230)
  • Economics of Gender
  • Safety
  • Related Public Policy (J280)


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