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Does unemployment hurt less if there is more of it around? : a panel analysis of life satisfaction in Germany and Switzerland

Oesch, Daniel; Lipps, Oliver - 2011

This paper examines the existence of a habituation effect to unemployment: Do the unemployed suffer less from job loss if unemployment is more widespread, if their own unemployment lasts longer and if unemployment is a recurrent experience? The underlying idea is that unemployment hysteresis may...

Persistent link: https://www.econbiz.de/10009269257

Unemployment and subjective well-being

Suppa, Nicolai - 2021

This chapter summarizes the latest state of the art in economic research on unemployment and subjective well-being. Outcomes covered are general life satisfaction, affective well-being, and mental health. Special attention is paid to empirical evidence as obtained from popular panel data sets....

Persistent link: https://www.econbiz.de/10012417634

Quantifying the psychological costs of unemployment : the role of permanent income

Knabe, Andreas; Rätzel, Steffen - 2007

Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also creates non-pecuniary, psychological costs. We quantify these non-pecuniary losses by using the life satisfaction approach. In contrast to previous studies, we apply Friedman's...

Persistent link: https://www.econbiz.de/10011630069

Perceived job insecurity and well-being revisited : towards conceptual clarity

Geishecker, Ingo - 2010

This paper analyzes the impact of job insecurity perceptions on individual well-being. In contrast to previous studies, we explicitly take into account perceptions about both the likelihood and the potential costs of job loss and demonstrate that most contributions to the literature suffer from...

Persistent link: https://www.econbiz.de/10008825072

Changing identity : retiring from unemployment

Hetschko, Clemens; Knabe, Andreas; Schöb, Ronnie - 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/10009357440

The effect of subsidized employment on happiness

Crost, Benjamin - 2011

While a large body of evidence suggests that unemployment and self-reported happiness are negatively correlated, it is … not clear whether this reflects a causal effect of unemployment on happiness and whether subsidized employment can … increase the happiness of the unemployed. To close this gap, this paper estimates the causal effect of a type of subsidized …

Persistent link: https://www.econbiz.de/10009154493

Regional unemployment and norm-induced effects on life satisfaction

Chadi, Adrian - 2011

While rising unemployment generally reduces people's happiness, researchers argue that there is a compensating social …

Persistent link: https://www.econbiz.de/10009161660

(Mis-)predicted subjective well-being following life events

Odermatt, Reto; Stutzer, Alois - 2015

The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...

Persistent link: https://www.econbiz.de/10011334546

Do more of those in misery suffer from poverty, unemployment or mental illness?

Fleche, Sarah; Layard, Peter R. G. - 2015

Studies of deprivation usually ignore mental illness. This paper uses household panel data from the USA, Australia, Britain and Germany to broaden the analysis. We ask first how many of those in the lowest levels of life-satisfaction suffer from unemployment, poverty, physical ill health, and...

Persistent link: https://www.econbiz.de/10011312724

You don't know what you've got till it's gone! : unemployment and intertemporal changes in self-reported life satisfaction

Klemm, Marcus - 2011

This paper uses concurrently and - for the first time - retrospectively reported life satisfaction from the 1984 to 1987 waves of the German Socio-Economic Panel to study the importance of different comparison standards for the empirical correlation of unemployment and subjective life...

Persistent link: https://www.econbiz.de/10009407567