Becoming (Un)employed and Life Satisfaction: Asymmetric Effects and Potential Omitted Variable Bias in Empirical Happiness Studies

Becoming unemployed has negative effects on life satisfaction; a transition from unemployment to employment, however, has stronger positive effects in absolute terms. The asymmetry of the non-pecuniary effect indicates a potential “omitted variable bias” in previous empirical happiness studies.

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Year of publication:	2011-12-07
Authors:	Maennig, Wolfgang ; Wilhelm, Markus
Institutions:	Institut für Außenhandel und Wirtschaftsintegration, Fachbereich Volkswirtschaftslehre
Subject:	Happiness \| life satisfaction \| asymmetric effect \| labour status \| employment \| unemployment

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Hamburg Contemporary Economic Discussions, Issue 41, 2011 Number 041 7 pages
Classification:	I31 - General Welfare; Basic Needs; Quality of Life ; J01 - Labor Economics: General ; Z13 - Social Norms and Social Capital
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009274560