In recent years, there has been a steady increase in the number of own-account workers (the selfemployed without employees), including freelancers, in many developed economies. Despite the importance of the group of freelancers for modern economies, little is known about the perceived benefits of freelancing. We use six waves of the United Kingdom Household Longitudinal Study (“Understanding Society”, 2009–2015) to investigate subjective well-being levels of freelancers in terms of satisfaction with life, work, leisure time, income and health. Although freelancing jobs are uncertain and temporary, our cross-sectional (pooled ordinary least squares (OLS)) and longitudinal (fixedeffects) analyses reveal that freelancers are on par regarding life satisfaction with other own-account workers, employers (self-employed workers with employees) and wage workers. The most striking result is that freelancers are significantly more satisfied with their leisure time than other own-account workers, employers and wage workers. Also, freelancers score significantly higher in terms of work satisfaction than wage workers, but do not exceed other own-account workers and employers in terms of work satisfaction. Freelancers are equally satisfied with their health as other ownaccount workers and employers. In sum, the analysis of several subdomains of life reveals much how different groups of self-employed workers score regarding their overall subjective well-being

Additional Metadata
Keywords Freelancers. Independent professionals. Own-account workers. Solo self-employment . Subjective well-being . Satisfaction
JEL General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness (jel I31), Safety; Accidents; Industrial Health; Job Satisfaction; Related Public Policy (jel J28), Contracting Out; Joint Ventures; Technology licensing (jel L24), Entrepreneurship (jel L26)
Persistent URL dx.doi.org/10.1007/s11187-019-00246-6, hdl.handle.net/1765/118354
Journal Small Business Economics: an entrepreneurship journal
Citation
van der Zwan, P.W, Hessels, S.J.A, & Burger, M.J. (2019). Happy Free Willies? Investigating the relationship between freelancing and subjective well-being. Small Business Economics: an entrepreneurship journal. doi:10.1007/s11187-019-00246-6