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
Winkelmann, R
中科院分区:
经济学4区
文献类型:
--
作者:
Winkelmann, L;Winkelmann, R

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本文使用德国工作年龄男性生活满意度的纵向数据来检验失业的非金钱成本的重要性。我们发现,在控制了个人的特定固定效应后,失业对满意度有很大的不利影响。非金钱影响比相关收入损失产生的影响大得多。
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.