information on parents' schooling and employment status. Unemployment might have negative psychological effects, with impact on … unemployment was in fact the major driving force …

While rising unemployment generally reduces people's happiness, researchers argue that there is a compensating social …, however, rejects this thesis for German panel data and finds individual unemployment to be even more hurtful when aggregate … unemployment is higher. On the other hand, an extended model that separately considers individuals who feel stigmatised from living …