Why are the unemployed so unhappy? Evidence from panel data

被引:732
作者
Winkelmann, L [1 ]
Winkelmann, R [1 ]
机构
[1] Univ Canterbury, Christchurch 1, New Zealand
关键词
D O I
10.1111/1468-0335.00111
中图分类号
F [经济];
学科分类号
02 ;
摘要
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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页码:1 / 15
页数:15
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