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 …

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 …