Clark, Andrew E.; Knabe, Andreas; Rätzel, Steffen - Institute for the Study of Labor (IZA) - 2009
The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a … the appropriate distinction may not be between employment and unemployment, but rather between higher and lower levels of … affected by regional unemployment. However, insecure employed men and poor-prospect unemployed men are less negatively, or even …
