A Study on the Impact of Educational Level on Entrepreneurs' Well-being——Analysis Based on CGSS (2021) Data
Education,as a key factor in promoting human capital accumulation and social development,has a significant impact on entrepreneurs' well-being. Based on human capital theory,status attainment theory,and social capital theory,this study utilizes cross-sectional data from the 2021 Chinese General Social Survey (CGSS) to deeply explore the mechanism of how educational attainment affects entrepreneurs' well-being. The results show that educational level can significantly and directly enhance entrepreneurs' well-being. Further analysis reveals that educational level influences entrepreneurs' well-being through three mediating variables:income,perceived social status,and social interaction. Among these,income has a negative impact on entrepreneurs' well-being,while perceived social status and social interaction have a positive impact. Additionally,the study finds significant differences in the impact of educational attainment on entrepreneurs' well-being across different age groups,household registration status,and entrepreneurial motivations. These conclusions provide a strong basis for universities to carry out targeted entrepreneurship education and for the government to formulate refined entrepreneurship policies.
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