Publication: Why are the unemployed so unhappy? Evidence from panel data
Why are the unemployed so unhappy? Evidence from panel data
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Winkelmann, L., & Winkelmann, R. (1997). Why are the unemployed so unhappy? Evidence from panel data. Economica, 65(257), 1–15. https://doi.org/10.1111/1468-0335.00111
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This paper tests for the importance of non-pecuniary costs of unemployment using a longitudinal data-set on life-satisfaction of working-age men in Germany. We show that unemployment has a large detrimental effect on satisfaction after individual specific fixed effects are controlled for. The non-pecuniary effect is much larger than the effect that stems from the associated loss of income.
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- Winkelmann, Liliana
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Winkelmann, L., & Winkelmann, R. (1997). Why are the unemployed so unhappy? Evidence from panel data. Economica, 65(257), 1–15. https://doi.org/10.1111/1468-0335.00111
