We reassess the “scarring” hypothesis by Clark et al. (2001) which states that unemployment experienced in the past … the scar from past unemployment but the expectation to become unemployed in the future that makes people unhappy. Hence …, the terminology should be changed by one letter: unemployment is not “scarring”, but “scaring”. …

Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also … show that, without this distinction, the non-pecuniary costs of unemployment are overestimated by roughly one …-third. Nevertheless, the non-pecuniary costs of unemployment with this modified quantification method still amount to 2.3 (1.5) times the …

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 …

that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …