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Classifying Latent Profiles in Job Satisfaction of Youth Entrepreneurs  

Kim, Youngseo (Department of Education, Korea University)
Hong, Sehee (Department of Education, Korea University)
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.16, no.1, 2021 , pp. 37-53 More about this Journal
Abstract
The purpose of this study is to analyze the types of latent profiles depending on the job satisfaction of youth entrepreneurs in South Korea and examine the influence of related variables. Latent profile analysis (LPA) was conducted using data from the 12th year of the Youth Panel Study. Results of the study revealed that there were five latent profiles based on job satisfaction among young entrepreneurs: lowest job satisfaction, mid-low job satisfaction, middle job satisfaction, mid-high job satisfaction, and highest job satisfaction. By applying multinomial logistic analysis, the influencing factors for each latent profiles have been derived. Gender, marital status, subjective health, self-esteem, entrepreneurial motivation, difficulty in start-up, person-job fit, intrinsic or extrinsic job values, business scale, income, work hour, education or training, and labor insurance were significant predictors of youth entrepreneurs' job satisfaction. Based on these results, the article discusses practical implications that can enhance the job satisfaction of young entrepreneurs.
Keywords
Entrepreneurship; Youth entrepreneurs; Job satisfaction; Latent class; Latent profile analysis;
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Times Cited By KSCI : 2  (Citation Analysis)
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