Joern H. Block is a Professor, Universität Trier and Erasmus Research Institute of Management (ERIM), Erasmus University Rotterdam, Universitätsring 15, 54296 Trier, Germany.
Job Satisfaction and Wages of Family Employees
Article first published online: 7 MAY 2013
© 2013 Baylor University
Entrepreneurship Theory and Practice
Volume 39, Issue 2, pages 183–207, March 2015
How to Cite
Block, J. H., Millán, J. M., Román, C. and Zhou, H. (2015), Job Satisfaction and Wages of Family Employees. Entrepreneurship Theory and Practice, 39: 183–207. doi: 10.1111/etap.12035
- Issue published online: 4 MAR 2015
- Article first published online: 7 MAY 2013
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 data set that support our hypotheses, and we discuss our study's implications for research on family businesses and the labor market.