The high well-being of self-employed business owners is particularly interesting in light of recent findings that business owners work longer hours than do people in any other occupational category. Their high well-being, despite working longer hours, supports Gallup research showing that working long hours is only highly detrimental to well-being for those who are less engaged in their work. In terms of income, business owners, on average, make slightly less than professionals and managers/executives, but still eclipse these groups in well-being. The three occupations highest in well-being are, in fact, those with the highest household income.Additional coverage in the WSJ. This seems to mesh with Scott Shane's work showing that many entrepreneurs are motivated to start a business simply because they don't want to work for anyone else. While overall they may not form high growth firms, they fare well financially and enjoy being their own boss.
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