Not All Are Equal: A Latent Profile Analysis of Well-Being Among the Self-Employed

This study uses a person-centered approach to distinguish between subpopulations of self-employed individuals using multidimensional well-being indicators. Data were obtained from European Social Survey including a sample of 3461 self-employed individuals from 29 European countries. The analysis has empirically identified six distinct profiles named ‘unhappy’, ‘languishing’, ‘happy’, ‘satisfied’, ‘passionate’, and ‘flourishing’. The profiles were associated with significant differences in well-being, health and work-related variables. The results highlight the heterogeneity of the self-employed population, and describe the complex—both hedonic and eudaimonic—character of the well-being concept in this population.