High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private … unemployment. …

This paper provides an empirical analysis of reference-dependent effects of unemployment on mental well-being. We show … that the negative effect of unemployment on mental well-being depends on expectations about the future employment status … surrounding unemployment rate. We argue that expectations are a possible link between unemployment rates and the individual …

The social norm of unemployment suggests that aggregate unemployment reduces the wellbeing 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 …

self-employment and the consequences of unemployment rather than from advantages of self-employment. …

This paper examines how a change in layoff order can affect the decomposition and the size of unemployment in an … concentrates involuntary unemployment incidences to inexperienced workers decreases workers' incentives to reallocate, compared to … an equilibrium where everyone faces an identical unemployment risk, leading also to a decrease in aggregate unemployment …