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The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a far smaller effect on the unemployed. We use German panel data to reproduce this standard result, but then suggest that the appropriate distinction may not be between employment...
Persistent link: https://www.econbiz.de/10013316427
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creates non-pecuniary, psychological costs. We quantify these non-pecuniary losses by using the life satisfaction approach. In … pure pecuniary costs of unemployment for men (women).This confirms the high value of work for life satisfaction. …
Persistent link: https://www.econbiz.de/10011630069
The social norm of unemployment suggests that aggregate unemployment reduces the wellbeing of the employed, but has a far smaller effect on the unemployed. We use German panel data to reproduce this standard result, but then suggest that the appropriate distinction may not be between employment...
Persistent link: https://www.econbiz.de/10011634167
Persistent link: https://www.econbiz.de/10011813548
Persistent link: https://www.econbiz.de/10011763676
a lack of a structure in daily life. Unlike life satisfaction, unemployment leaves affective well-being mostly … importance of the social norms to work and be self-reliant for the life satisfaction of the unemployed, as well as by studies … showing the positive life satisfaction effect of retirement on unemployed workers. Based on this strong evidence for identity …
Persistent link: https://www.econbiz.de/10012432441
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persons report substantially lower levels of life satisfaction than employed persons. When looking at specific types of …
Persistent link: https://www.econbiz.de/10011992330
evidence that EPL has significant indirect (cross-)effects on life satisfaction via the mediators. There are no indications for …
Persistent link: https://www.econbiz.de/10011805104