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The relationship between happiness and work is subject to an ever growing empirical literature in economics. The analyses are mostly based on large-scale survey data to measure subjective well-being. Whereas one large strand of research investigates the effect of job loss and becoming...
Persistent link: https://www.econbiz.de/10010403446
Using the United Kingdom household longitudinal study (UKHLS), this paper shows the effect of experiencing a father being out of work on a range of labour market outcomes as young adults. Children of non-working fathers work less and are less satisfied while working despite similar wages and...
Persistent link: https://www.econbiz.de/10010533319
This paper studies the effect of unemployment benefits on the unemployment and subsequent employment duration using … heterogeneity. We find that recipients, relative to non-recipients, face lower exit rates from unemployment, while an additional … month in unemployment increases their subsequent employment stability. This positive correlation between previous …
Persistent link: https://www.econbiz.de/10013319243
not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …
Persistent link: https://www.econbiz.de/10013448558
Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected … just over 10000 observations, we predict changes in the unemployment rate 12 months ahead. We do so using individuals …
Persistent link: https://www.econbiz.de/10013540387
its successor Understanding Society. We find that the unemployment rate on leaving full-time education has large impacts …
Persistent link: https://www.econbiz.de/10009778459
This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment … home-state unemployment rate. Comparing these estimates to realized losses in post-service civilian earnings resulting from … exiting the military during times of high unemployment suggests that mitigating factors (e.g., leisure, private and public …
Persistent link: https://www.econbiz.de/10013000064
The US economy has endured an exceptionally severe recession caused by the measures put in place to contain the spread of COVID-19. This occasional paper assesses the impact of this crisis on key labour market variables, such as (un-) employment, wages and productivity, and highlights the...
Persistent link: https://www.econbiz.de/10013264673
Persistent link: https://www.econbiz.de/10012610509
Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing evidence that workers who first join the labour market during economic downturns suffer from poor job matches that have a sustained detrimental effect on their wages and career...
Persistent link: https://www.econbiz.de/10010386014