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The Role of Social Work Norms in Job Searching and Subjective Well-Being


Stutzer, Alois; Lalive, Rafael (2003). The Role of Social Work Norms in Job Searching and Subjective Well-Being. Working paper series / Institute for Empirical Research in Economics No. 51, University of Zurich.

Abstract

Social norms are usually neglected in economics, because they are to anlarge extent enforced through non-market interactions and difficult to isolatenempirically. In this paper, we offer a direct measure of the social norm to work andnwe show that this norm has important economic effects. The stronger the norm, thenmore quickly unemployed people find a new job. This behavior can be explained bynutility differences, probably due to social pressure. Unemployed people arensignificantly less happy than employed people and their reduction in life satisfactionnis the larger, the stronger the norm is.

Abstract

Social norms are usually neglected in economics, because they are to anlarge extent enforced through non-market interactions and difficult to isolatenempirically. In this paper, we offer a direct measure of the social norm to work andnwe show that this norm has important economic effects. The stronger the norm, thenmore quickly unemployed people find a new job. This behavior can be explained bynutility differences, probably due to social pressure. Unemployed people arensignificantly less happy than employed people and their reduction in life satisfactionnis the larger, the stronger the norm is.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
Dewey Decimal Classification:330 Economics
Language:English
Date:December 2003
Deposited On:29 Nov 2011 21:25
Last Modified:12 Aug 2017 12:49
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

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