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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/10013129126

"Beauty is the Promise of Happiness"?

Hamermesh, Daniel S. - 2011

We measure the impact of individuals' looks on life satisfaction/happiness. Using five data sets, from the U.S., Canada … beauty. Beauty raises happiness: A one standard-deviation change in beauty generates about 0.10 standard deviations of … additional satisfaction/happiness among men, 0.12 among women. Accounting for a wide variety of covariates, particularly effects …

Persistent link: https://www.econbiz.de/10013121060

Changing Identity : Retiring from Unemployment

Hetschko, Clemens - 2011

Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...

Persistent link: https://www.econbiz.de/10013121822

Happiness Adaptation to Income and to Status in an Individual Panel

Di Tella, Rafael - 2007

We study quot;habituationquot; to income and to status using individual panel data on the happiness of 7,812 people … living in Germany from 1984 to 2000. Specifically, we estimate a quot;happiness equationquot; defined over several lags of … in status and 52% of one standard deviation in income are associated with similar increases in happiness. In the long …

Persistent link: https://www.econbiz.de/10012776806

Happiness, Contentment and Other Emotions for Central Banks

Di Tella, Rafael - 2010

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/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

Work Expectations, Realizations, and Depression in Older Workers

Falba, Tracy - 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/10012769532

Historical Analysis of National Subjective Wellbeing Using Millions of Digitized Books

Hills, Thomas - 2017

We present the first attempt to construct a long-run historical measure of subjective wellbeing using language corpora from millions of digitized books for the USA, UK, Germany, France, Italy and Spain. While existing measures go back at most to the 1970s, our measure goes back at least 200...

Persistent link: https://www.econbiz.de/10012969029

Income Support, (Un-)Employment and Well-Being

Hetschko, Clemens - 2016

Using specific panel data of German welfare benefit recipients, we investigate the non-pecuniary life satisfaction effects of in-work benefits. Our empirical strategy combines difference-in-difference designs with synthetic control groups to analyze transitions of workers between unemployment,...

Persistent link: https://www.econbiz.de/10012984507

How Job Changes Affect People's Lives - Evidence from Subjective Well-Being Data

Chadi, Adrian - 2016

For representative German panel data, we show that voluntary job switching leads to relatively high levels of life satisfaction, though only for some time, whereas the impact of exogenously triggered job changes is ambiguous. Risk aversion interacts negatively with this effect in life...

Persistent link: https://www.econbiz.de/10012988230