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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
that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …
Persistent link: https://www.econbiz.de/10012763996
We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the … scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment quot …
Persistent link: https://www.econbiz.de/10012768534
Previous studies find that past unemployment reduces life satisfaction even after reemployment for non-monetary reasons … (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as …-monetary unemployment scarring for people who were unemployed for the first time in their life directly prior to retirement, but not for …
Persistent link: https://www.econbiz.de/10013053071
how a person’s employment status affects cognitive well-being. Our results show that unemployment has a negative impact on … strengthens the loss in identity utility of men, but weakens that of women. Unemployment of a person’s partner reduces the …
Persistent link: https://www.econbiz.de/10013315859
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 … regional unemployment. However, the insecure employed and the poor-prospect unemployed are less negatively, or even positively …
Persistent link: https://www.econbiz.de/10013316427
We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...
Persistent link: https://www.econbiz.de/10013316797
In this paper, we attempt to renew the interest in marginal employment subsidies. Such subsidies are paid only for a firm's additional employment exceeding some reference level and create larger employment stimuli at lower fiscal costs than general wage subsidies for all workers. If the hiring...
Persistent link: https://www.econbiz.de/10013317599
how a person’s employment status affects cognitive well-being. Our results show that unemployment has a negative impact on … strengthens the loss in identity utility of men, but weakens that of women. Unemployment of a person’s partner reduces the …
Persistent link: https://www.econbiz.de/10010877791
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/10009224868