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New Measures of the Costs of Unemployment : Evidence from the Subjective Well-Being of 3.3 Million Americans

Helliwell, John F. - 2011

Using two large US surveys, we estimate the effects of unemployment on the subjective well-being of the unemployed and the rest of the population. For the unemployed, the non-pecuniary costs of unemployment are several times as large as those due to lower incomes, while the indirect effect at...

Persistent link: https://www.econbiz.de/10013129126

Happiness, Contentment and Other Emotions for Central Banks

Di Tella, Rafael - 2010

We show that data on satisfaction with life from over 600,000 Europeans are negatively correlated with the unemployment rate and the inflation rate. Our preferred interpretation is that this shows that emotions are affected by macroeconomic fluctuations. Contentment is, at a minimum, one of the...

Persistent link: https://www.econbiz.de/10012759669

Work Expectations, Realizations, and Depression in Older Workers

Falba, Tracy - 2008

We explore the impact on depressive symptoms of deviation in actual labor force behavior at age 62 from earlier expectations. Our sample of 4,241 observations is drawn from the Health and Retirement Study (HRS). We examine workers who were less than 62 years of age at the 1992 HRS baseline, and...

Persistent link: https://www.econbiz.de/10012769532

Does Individualistic Culture Lower the Well-Being of the Unemployed? Evidence from Europe

Mikucka, Małgorzata - In: Journal of Happiness Studies 15 (2014) 3, pp. 673-691

The paper tests whether the well-being cost of own unemployment is higher in individualistic countries and among persons with more individualistic orientations. I consider two dimensions of individualism: family support and self-reliance. I adopt a multilevel regression methodology on data of...

Persistent link: https://www.econbiz.de/10010999146

Recessions, Reeling Markets, and Retiree Well-Being

Coile, Courtney - 2010

This paper examines the impact of late-career investment returns and job loss on subsequent retiree well-being. Specifically, we explore whether there is a link between the income of retirees aged 70 to 79 and the stock market and labor market conditions that existed around the time of their...

Persistent link: https://www.econbiz.de/10013142294

Social Choice and Social Unemployment-Income Cleavages: New Insights from Happiness Research

Dluhosch, Barbara; Horgos, Daniel; Zimmermann, Klaus - In: Journal of Happiness Studies 15 (2014) 6, pp. 1513-1537

The nexus between income and happiness is very much disputed. Many cross-sectional studies seem to be in support of a … happiness in developed countries of the western hemisphere sparked an intense debate over the issue. Starting from the fact that … the theoretical basis in happiness research has been comparatively weak, we develop a novel theoretical approach that …

Persistent link: https://www.econbiz.de/10011152005