While a large body of evidence suggests that unemployment and self-reported happiness are negatively correlated, it is … not clear whether this reflects a causal effect of unemployment on happiness and whether subsidized employment can …

While rising unemployment generally reduces people's happiness, researchers argue that there is a compensating social …, however, rejects this thesis for German panel data and finds individual unemployment to be even more hurtful when aggregate … unemployment is higher. On the other hand, an extended model that separately considers individuals who feel stigmatised from living …

whereby unemployment affects investment and growth. The model generates a growth unemployment rate trade-off. A reduced … propensity to save raises growth but it also raises the unemployment rate because of induced technological progress. This … unemployment affects income distribution; introduction of a Phillips curve and inflation effects; and introduction of demand growth …

earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital … downturn, as documented in the empirical literature. At the aggregate level, the framework delivers youth unemployment rates … that are higher and more sensitive to fluctuations in aggregate productivity than total unemployment rates. Additionally …

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …