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New measures of the costs of unemployment : Evidence from the subjective well-being of 3.3 million Americans

Helliwell, John F. - 2011

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...

Persistent link: https://www.econbiz.de/10012461828

Recessions, Reeling Markets, and Retiree Well-Being

Coile, Courtney C. - 2010

This paper examines the impact of late-career investment returns and job loss on subsequent retiree well-being. Specifically, we explore whether there is a link between the income of retirees aged 70 to 79 and the stock market and labor market conditions that existed around the time of their...

Persistent link: https://www.econbiz.de/10012462588

Work Expectations, Realizations, and Depression in Older Workers

Falba, Tracy A. - 2008

We explore the impact on depressive symptoms of deviation in actual labor force behavior at age 62 from earlier expectations. Our sample of 4,241 observations is drawn from the Health and Retirement Study (HRS). We examine workers who were less than 62 years of age at the 1992 HRS baseline, and...

Persistent link: https://www.econbiz.de/10012464212

The Well-being of the Overemployed and the Underemployed and the Rise in Depression in the UK

Bell, David N.F. - 2018

of five main measures of well-being: happiness; life satisfaction; whether life is worthwhile; anxiety and depression … in 2010 that is not matched by declines in happiness measures (positive affect). The fear of unemployment obtained from …

Persistent link: https://www.econbiz.de/10012452881

Happiness, Contentment and Other Emotions for Central Banks

Tella, Rafael Di - 2007

We show that data on satisfaction with life from over 600,000 Europeans are negatively correlated with the unemployment rate and the inflation rate. Our preferred interpretation is that this shows that emotions are affected by macroeconomic fluctuations. Contentment is, at a minimum, one of the...

Persistent link: https://www.econbiz.de/10012465017

Is Unemployment More Costly Than Inflation?

Blanchflower, David G. - 2007

Previous literature has found that both unemployment and inflation lower happiness. This paper extends the literature … by looking at more countries over a longer time period. It also considers the impacts on happiness of GDP per capita and … interest rates. I find, conventionally, that both higher unemployment and higher inflation lower happiness. Interest rates are …

Persistent link: https://www.econbiz.de/10012465141

Happiness, Contentment and Other Emotions for Central Banks

Di Tella, Rafael - 2010

Persistent link: https://www.econbiz.de/10012759669

Dissatisfied with Life, but Having a Good Day : Time-Use and Well-Being of the Unemployed

Knabe, Andreas - 2009

We apply the Day Reconstruction Method to compare unemployed and employed people with respect to their subjective assessment of emotional affects, differences in the composition and duration of activities during the course of a day, and their self-reported life satisfaction. Employed persons are...

Persistent link: https://www.econbiz.de/10012763996

Scarring or Scaring? The Psychological Impact of Past Unemployment and Future Unemployment Risk

Knabe, Andreas - 2008

We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the past reduces a person's current life satisfaction even after the person has become reemployed. Our results suggest that the scar from past unemployment operates via worsened...

Persistent link: https://www.econbiz.de/10012768534

The Well-Being of the Overemployed and the Underemployed and the Rise in Depression in the UK

Bell, David N.F. - 2018

Persistent link: https://www.econbiz.de/10012914269