Subjective well-being, relative deprivation and entrepreneurship development

Key Points

• Entrepreneurship development is significantly influenced by subjective well-being and relative deprivation, indicating a complex relationship.
• A notable correlation shows that higher subjective well-being fosters better entrepreneurship outcomes, enhancing economic growth.
• The analysis utilizes socio-economic data to explore how social comparison affects individuals' entrepreneurial intentions and activities.
• These findings highlight that improving subjective well-being may promote entrepreneurship, calling for targeted welfare policies.