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Unemployment and Psychological Well-being Author info | Abstract | Publisher info | Download info | Related research | Statistics NICK CARROLL
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Who records the largest drops in life satisfaction when they move into unemployment? Do men experience a larger drop in life satisfaction? Do Australians and Americans record a larger drop than Europeans? Using panel data, this paper finds that the unemployed in Australia report lower life satisfaction than observationally equivalent employed people (holding current income constant). Being unemployed is estimated to be equivalent to the loss of $A42 100 annual income for men and even more for women. It is found that unemployment is less painful for men in Australia than for men in Germany and the UK. Copyright © 2007 The Economic Society of Australia.
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Article provided by The Economic Society of Australia in its journal Economic Record .
Volume (Year): 83 (2007)
Issue (Month): 262 (09)
Pages: 287-302
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