Unemployment continues to be one of the major challenges in industrialized societies. Aside from its economic … dimensions and societal repercussions, questions concerning the individual experience of unemployment have recently attracted … increasing attention. Although many studies have documented the detrimental effects of unemployment for subjective well …

This study is the first to provide a causal estimate of the subjective well-being effects of spousal unemployment at … job termination induced by workplace closure, we show that spousal unemployment reduces the life satisfaction of … driven by an income effect, but likely reflect the psychological costs of unemployment. Our findings are robust to a battery …

While rising unemployment generally reduces people's happiness, researchers argue that there is a compensating social …, however, rejects this thesis for German panel data and finds individual unemployment to be even more hurtful when aggregate … unemployment is higher. On the other hand, an extended model that separately considers individuals who feel stigmatised from living …

correlation of unemployment and subjective life satisfaction. It is found that unemployed individuals do not only report … significantly lower concurrent satisfaction, but also recall reduced satisfaction from past unemployment well, and retrospectively … upgrade their past satisfaction scores. Therefore, the short-term negative effects of unemployment on individual life …

This article examines the impact of unemployment on social participation for Germany using the German Socio …-Economic Panel. We find significant negative, robust and, for some activities, lasting effects of unemployment on social … participation. Causality is established by focussing on plant closures as exogenous entries into unemployment. Social norms, labor …