Self-employed are happiest at work

Being self-employed does increase personal satisfaction according to analysis of data from the Household, Income and Labour Dynamics in Australia survey. Responses were compared between a group of business owners and salaried employees across a range of issues including satisfaction with one's own life and job, individual priorities, perceived prosperity, risk preferences, and individual health and well-being. The research found that going into business for yourself gives a sense of satisfaction and contentment in work life and improves perceived prosperity, however the downside is that wage and salary employees are more satisfied with their free time.

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