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The Happiness of Young Australians: Empirical Evidence on the Role of Labour Market Experience

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  • ALFRED MICHAEL DOCKERY

Abstract

Data from the Longitudinal Surveys of Australian Youth are used to investigate factors that influence young Australians' self-reported levels of 'happiness' during the school-to-work transition, focusing on the role of labour market experience. Panel logit models are fitted to control for individual effects. Fixed individual personality traits and marital status strongly influence reported happiness. There is evidence of declining well-being with duration of unemployment and of the importance of job quality, rather than just having a job. The validity of Clark and Oswald's (1994) assertion that empirical findings from happiness research show that unemployment is involuntary is questioned. Copyright 2005 The Economic Society Of Australia.

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Bibliographic Info

Article provided by The Economic Society of Australia in its journal The Economic Record.

Volume (Year): 81 (2005)
Issue (Month): 255 (December)
Pages: 322-335

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Handle: RePEc:bla:ecorec:v:81:y:2005:i:255:p:322-335

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Cited by:
  1. Jacopo Baggio & Elissaios Papyrakis, 2014. "Agent-Based Simulations of Subjective Well-Being," Social Indicators Research, Springer, vol. 115(2), pages 623-635, January.
  2. Fabio Sabatini, 2008. "Does Social Capital Mitigate Precariousness?," Working Papers 2008.4, Fondazione Eni Enrico Mattei.
  3. Leonardo Becchetti & Fabio Pisani, 2012. "Family money, relational life and (class) relative wealth:an empirical analysis on life satisfaction of secondary school students," Econometica Working Papers wp35, Econometica.
  4. Switek, Malgorzata, 2013. "Explaining Well-Being over the Life Cycle: A Look at Life Transitions during Young Adulthood," IZA Discussion Papers 7877, Institute for the Study of Labor (IZA).
  5. Lee, Wang-Sheng & Oguzoglu, Umut, 2007. "Are Youths on Income Support Less Happy? Evidence from Australia," IZA Discussion Papers 2709, Institute for the Study of Labor (IZA).
  6. Leonardo Becchetti & Fabio Pisani, 2014. "Family Economic Well-Being, and (Class) Relative Wealth: An Empirical Analysis of Life Satisfaction of Secondary School Students in Three Italian Cities," Journal of Happiness Studies, Springer, vol. 15(3), pages 503-525, June.
  7. Sabatini, Fabio, 2008. "Social Capital and the Labour Market," MPRA Paper 6582, University Library of Munich, Germany.
  8. Tony Beatton & Paul Frijters, 2012. "Unhappy Young Australians: a domain approach to explain life satisfaction change in children," School of Economics and Finance Discussion Papers and Working Papers Series 289, School of Economics and Finance, Queensland University of Technology.
  9. Sabatini, Fabio, 2008. "Does Social Capital Mitigate Precariousness?," MPRA Paper 6639, University Library of Munich, Germany.
  10. Jens Bonke & Mette Deding & Mette Lausten, 2009. "Time and Money," Journal of Happiness Studies, Springer, vol. 10(2), pages 113-131, April.
  11. Sabatini, Fabio, 2009. "Social capital as social networks: A new framework for measurement and an empirical analysis of its determinants and consequences," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(3), pages 429-442, June.

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