Why are the unemployed so unhappy? Evidence from panel data
Why are the unemployed so unhappy? Evidence from panel data
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DOI:
10.1111/1468-0335.00111
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发表时间:
1998-02-01
期刊:
影响因子:
1.4
通讯作者:
Winkelmann, R
中科院分区:
文献类型:
--
作者:
Winkelmann, L;Winkelmann, R
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.