Assessing the Non-financial Outcomes of Social Enterprises in Luxembourg

  • Francesco SarracinoEmail author
  • Luca Fumarco
Original Paper


By addressing social issues, rather than maximizing profits, social enterprises are said to contribute to the well-being of societies. In this paper, we test whether social enterprises fulfil this expectation. The paper applies regression analysis to a unique dataset obtained by merging survey data from the Global Entrepreneurship Monitor with official statistics on social enterprises in Luxembourg. Results suggest that social enterprises contribute to subjective well-being, which is an encompassing measure of people’s satisfaction with their own life. We find that when the share of social enterprises in a city increases, the ill-being of poor and unemployed people declines. Therefore, policy makers who seek to increase the well-being of economically disadvantaged people could adopt policies to promote the creation of social enterprises.


Social enterprises Subjective well-being Non-economic outcomes 



The authors wish to thank Andréa Gosset for her precious contribution on an earlier version of this work, and acknowledge the financial support of the Observatoire de la Compétitivité, Ministère de l’Economie, DG Compétitivité. F. Sarracino: Russia (LCSR Russian Government Grant #11.G34.31.0024 from November 28, 2010).

Compliance with Ethical Standards

Ethical Approval

This article does not contain any studies with human participants performed by any of the authors.


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Copyright information

© Springer Nature B.V. 2018

Authors and Affiliations

  1. 1.Institut National de la Statistique et des Études Économiques du Grand-Duché du Luxembourg (STATEC)STATEC ResearchLuxembourgLuxembourg
  2. 2.Laboratory for Comparative Social Research (LCSR)National Research University Higher School of EconomicsMoscowRussia

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