This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the social and psychological costs of unemployment depend upon the unemployment level. The theoretical … analysis reveals social multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24 …

This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the psychological costs of unemployment depend upon the unemployment level. The analysis reveals social … multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24-year-olds living in …

Unemployment has been robustly shown to strongly decrease subjective well-being (or "happiness"). In the present paper …, we use panel quantile regression techniques in order to analyze to what extent the negative impact of unemployment varies … unemployed. A similar but stronger effect of unemployment is found for a broad mental well-being variable (GHQ-12). For happy and …

public social expenditures and a high unemployment rate are associated with a small positive (or no) immediate impact on …