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“Surfeiting, the appetite may sicken”: entrepreneurship and happiness

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  • Wim Naudé
  • José Amorós
  • Oscar Cristi

Abstract

Do the presence and nature of entrepreneurship impact on national happiness, and are nations with happy citizens better for entrepreneurs to start new businesses? To provide tentative answers we survey the literature on entrepreneurship and subjective well-being and use various data sources to uncover the first evidence of the relationship between entrepreneurship and happiness at the country level. We find that opportunity-motivated entrepreneurship may contribute to a nation’s happiness but only to a certain point, at which the effects of happiness begin to decline. Moreover, our results suggest that a nation’s happiness affects early-stage opportunity-driven entrepreneurial activity. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Wim Naudé & José Amorós & Oscar Cristi, 2014. "“Surfeiting, the appetite may sicken”: entrepreneurship and happiness," Small Business Economics, Springer, vol. 42(3), pages 523-540, March.
    • Handle: RePEc:kap:sbusec:v:42:y:2014:i:3:p:523-540
    DOI: 10.1007/s11187-013-9492-x
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    8. Aparicio, Sebastian & Audretsch, David & Noguera, Maria & Urbano, David, 2022. "Can female entrepreneurs boost social mobility in developing countries? An institutional analysis," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
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    11. Martin Binder, 2017. "Entrepreneurial Success and Subjective Well-Being: Worries about the Business Explain One's Well-Being Loss from Self-Employment," SOEPpapers on Multidisciplinary Panel Data Research 947, DIW Berlin, The German Socio-Economic Panel (SOEP).
    12. Aurora Ac Teixeira & Rayanne Vasque, 2020. "Entrepreneurship And Happiness: Does National Culture Matter?," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 25(01), pages 1-23, March.
    13. Folorunsho M. Ajide & Rufus A. Ajisafe & Olabode P. Olofin, 2019. "Capital Controls, Entrepreneurship and Economic Growth in Selected Developing Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(2), pages 191-212, February.
    14. Minniti, Maria & Naudé, Wim & Stam, Erik, 2023. "Is Productive Entrepreneurship Getting Scarcer? A Reflection on the Contemporary Relevance of Baumol's Typology," IZA Discussion Papers 16408, Institute of Labor Economics (IZA).
    15. Rafael Ravina-Ripoll & María-José Foncubierta-Rodríguez & Eduardo Ahumada-Tello & Luis Bayardo Tobar-Pesantez, 2021. "Does Entrepreneurship Make You Happier? A Comparative Analysis between Entrepreneurs and Wage Earners," Sustainability, MDPI, vol. 13(18), pages 1-19, September.
    16. Yuji Honjo & Kenta Ikeuchi & Hiroki Nakamura, 2022. "The Mediating Effect of Financial Motives in the Association between Entrepreneurial Experience and Subjective Well-Being: Evidence from Japan," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(2), pages 1043-1067, April.
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    18. Abdullah Promise Opute & Kalu Ibe Kalu & Ogechi Adeola & Chux Gervase Iwu, 2021. "Steering Sustainable Economic Growth: Entrepreneurial Ecosystem Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 216-245, July.
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    20. Panka Bencsik & Tuugi Chuluun, 2021. "Comparative well-being of the self-employed and paid employees in the USA," Small Business Economics, Springer, vol. 56(1), pages 355-384, January.

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    More about this item

    Keywords

    Happiness; Life satisfaction; Entrepreneurship; Development; Global Entrepreneurship Monitor; I31; M13; O50; L26;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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