Table 3. Regressions explaining...

Table 3.

Regressions explaining respondents’ well-being

	(1)	(2)	(3)	(4)
Female	−0.243***	−0.221***	−0.198**	−0.242***
Age	0.00627*	0.00988***	0.00812**	0.00475
University degree	0.184**	0.176**	0.118*	0.153*
Urban (Prague or Brno)	−0.0290	−0.0158	0.000611	−0.00230
Children in household	−0.0265	−0.0463	−0.0382	−0.0327
Necessity entrepreneurship	−0.0565	−0.0203	−0.0316	−0.0582*
Locus of control	0.244***	0.154***	0.193***	0.210***
Self-efficacy	0.147***	0.111**	0.112**	0.133***
Breadwinner
Respondent	ref.	ref.	ref.	ref.
Respondent and sb else	0.0537	0.0469	0.0254	0.0153
Somebody else	0.119	0.246**	0.139	0.0981
Business type
Established business	ref.	ref.	ref.	ref.
Other new business (f. 2018+)	0.0509	0.0986	0.102	0.0960
Startup	0.0445	0.104	0.0777	0.0727
Satisfaction with income from ent.		0.411***
Other new bus. × satisf. inc. ent.		−0.251***
Startup × satisf. inc. ent.		−0.512***
Disposable income			0.302***
Other new bus. × disp. income			−0.0159
Startup × disp. income			−0.346*
Financial problems				−0.185***
Other new bus. × fin. problems				0.0421
Startup × fin. problems				0.164
Industry dummies	Yes	Yes	Yes	Yes
R²	0.154	0.253	0.228	0.178
N	1113	1113	1113	1113
p(interaction terms)		<0.0001	0.039	0.402

	(1)	(2)	(3)	(4)
Female	−0.243***	−0.221***	−0.198**	−0.242***
Age	0.00627*	0.00988***	0.00812**	0.00475
University degree	0.184**	0.176**	0.118*	0.153*
Urban (Prague or Brno)	−0.0290	−0.0158	0.000611	−0.00230
Children in household	−0.0265	−0.0463	−0.0382	−0.0327
Necessity entrepreneurship	−0.0565	−0.0203	−0.0316	−0.0582*
Locus of control	0.244***	0.154***	0.193***	0.210***
Self-efficacy	0.147***	0.111**	0.112**	0.133***
Breadwinner
Respondent	ref.	ref.	ref.	ref.
Respondent and sb else	0.0537	0.0469	0.0254	0.0153
Somebody else	0.119	0.246**	0.139	0.0981
Business type
Established business	ref.	ref.	ref.	ref.
Other new business (f. 2018+)	0.0509	0.0986	0.102	0.0960
Startup	0.0445	0.104	0.0777	0.0727
Satisfaction with income from ent.		0.411***
Other new bus. × satisf. inc. ent.		−0.251***
Startup × satisf. inc. ent.		−0.512***
Disposable income			0.302***
Other new bus. × disp. income			−0.0159
Startup × disp. income			−0.346*
Financial problems				−0.185***
Other new bus. × fin. problems				0.0421
Startup × fin. problems				0.164
Industry dummies	Yes	Yes	Yes	Yes
R²	0.154	0.253	0.228	0.178
N	1113	1113	1113	1113
p(interaction terms)		<0.0001	0.039	0.402

Notes:

(i) The last row shows the p-value of a Wald test for the joint significance of both interaction terms (based on a heteroscedasticity-robust variance matrix); (ii) *p < 0.05; **p < 0.01; ***p < 0.001. Columns present individual models differing in the included financial indicators (satisfaction with income from entrepreneurship, disposable income and financial problems)

Source: Authors’ own work

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