Job Satisfaction and Wages of Family Employees

Entrepreneurship: Theory and Practice, Forthcoming

40 Pages Posted: 16 Mar 2012 Last revised: 16 May 2013

See all articles by Jorn H. Block

Jorn H. Block

University of Trier - Faculty of Management; Erasmus University Rotterdam (EUR) - Institute of Management (ERIM)

José María Millán

University of Huelva

Concepcion Roman

University of Huelva

Haibo Zhou

University of Nottingham Ningbo China

Date Written: March 15, 2012

Abstract

Although they represent a sizable occupational group, little is known about family employees. Using utility theory and the theory of compensating wage differentials, we hypothesize that family employees have higher levels of job satisfaction and lower wages relative to regular employees. We present several regressions based on a large cross-country panel dataset that support our hypotheses, and we discuss our study’s implications for research on family businesses and the labor market.

Keywords: family employees, family firm, job satisfaction, wage, compensating wage differentials, procedural utility

JEL Classification: J28, J31

Suggested Citation

Block, Jorn Hendrich and Millan, Jose Maria and Roman, Concepcion and Zhou, Haibo, Job Satisfaction and Wages of Family Employees (March 15, 2012). Entrepreneurship: Theory and Practice, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2022991 or http://dx.doi.org/10.2139/ssrn.2022991

Jorn Hendrich Block (Contact Author)

University of Trier - Faculty of Management ( email )

D-54296
Germany

Erasmus University Rotterdam (EUR) - Institute of Management (ERIM) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Jose Maria Millan

University of Huelva ( email )

Plaza de la Merced 11
Huelva, Huelva 21071
Spain
+34959217886 (Phone)

Concepcion Roman

University of Huelva ( email )

Huelva
Spain

Haibo Zhou

University of Nottingham Ningbo China ( email )

199 Taikang East Road
Ningbo, Zhejiang 315100
China
13989343590 (Phone)

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