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Winkelmann, Liliana; Winkelmann, Rainer (1997). Why are the unemployed so unhappy? Evidence from panel data. Economica, 65(257):1-15.
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.
| Item Type: | Journal Article, refereed |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Economics |
| Dewey Decimal Classification: | 330 Economics |
| Scopus Subject Areas: | Social Sciences & Humanities > Economics and Econometrics |
| Scope: | Discipline-based scholarship (basic research) |
| Language: | English |
| Date: | 22 January 1997 |
| Deposited On: | 11 Feb 2008 12:21 |
| Last Modified: | 01 Mar 2025 02:36 |
| Publisher: | Wiley-Blackwell |
| ISSN: | 0013-0427 |
| Additional Information: | The definitive version is available at www.blackwell-synergy.com. |
| OA Status: | Green |
| Publisher DOI: | https://doi.org/10.1111/1468-0335.00111 |
| Other Identification Number: | merlin-id:2057 |
Winkelmann, Liliana