Dolan, Paul; Powdthavee, Nattavudh - In: Applied Economics Letters 19 (2012) 4, pp. 325-328
This article investigates Schkade and Kahneman's (1998) maxim that ‘Nothing in life is quite as important as you think it is while you are thinking about it.’ This article shows that whilst becoming unemployed hurts psychologically, unemployment has a greater impact on happiness if the...