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Using two large US surveys, we estimate the effects of unemployment on the subjective well-being of the unemployed and the rest of the population. For the unemployed, the non-pecuniary costs of unemployment are several times as large as those due to lower incomes, while the indirect effect at...
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day-of-week effect for life evaluations, represented here by the Cantril Ladder, but significantly more happiness … social time of 1.7 hours in weekends raises average happiness by about 2% …
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