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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
In this paper, we shed more light on the subjective well-being of workfare participants and compare it to the well-being of unemployed and employed workers. We use data from a self-conducted survey among participants in workfare schemes in Germany. We examine two subdimensions of subjective...
Persistent link: https://www.econbiz.de/10011280847
Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also … show that, without this distinction, the non-pecuniary costs of unemployment are overestimated by roughly one …-third. Nevertheless, the non-pecuniary costs of unemployment with this modified quantification method still amount to 2.3 (1.5) times the …
Persistent link: https://www.econbiz.de/10011630069
less time at work outweighs the negative emotional effect of unemployment during leisure episodes, such that the unemployed …
Persistent link: https://www.econbiz.de/10011992330
This paper examines possible spillover effects of parental unemployment on the subjective wellbeing of 12- to 21-year …-old children. Using German panel data (SOEP), we show that unemployment of fathers and mothers is negatively associated with their … unemployment has negative effects, while no effect of fathers' unemployment can be detected. In subgroup analyses, we do not find …
Persistent link: https://www.econbiz.de/10014431287
Persistent link: https://www.econbiz.de/10003320593
We reassess the "scarringʺ hypothesis by Clark et al. (2001), which states that unemployment experienced in the past … from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment "scarsʺ because …
Persistent link: https://www.econbiz.de/10003790758
The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a … the appropriate distinction may not be between employment and unemployment, but rather between higher and lower levels of … regional unemployment. However, the insecure employed and the poor-prospect unemployed are less negatively, or even positively …
Persistent link: https://www.econbiz.de/10003805987
The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a … the appropriate distinction may not be between employment and unemployment, but rather between higher and lower levels of … affected by regional unemployment. However, insecure employed men and poor-prospect unemployed men are less negatively, or even …
Persistent link: https://www.econbiz.de/10003860394
that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …, triggered by the opportunity to use the time in a way that yields higher levels of satisfaction than working. -- Unemployment …
Persistent link: https://www.econbiz.de/10003824758