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Hybrid Model for Unemployment Impact on Social Life

Author

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  • Claudiu-Ionuţ Popîrlan

    (Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
    These authors contributed equally to this work.)

  • Irina-Valentina Tudor

    (Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
    These authors contributed equally to this work.)

  • Constantin-Cristian Dinu

    (Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
    These authors contributed equally to this work.)

  • Gabriel Stoian

    (Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
    These authors contributed equally to this work.)

  • Cristina Popîrlan

    (Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
    These authors contributed equally to this work.)

  • Daniela Dănciulescu

    (Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
    These authors contributed equally to this work.)

Abstract

In this paper, we want to examine how unemployment impacts social life, and, by using datasets from six European countries, we analyze the effect of unemployment on two of the main aspects of social life: social exclusion and life satisfaction. First, we predict unemployment rates using the Auto Regressive Integrated Moving Average (ARIMA) model and the results are further used in a linear regression model alongside social exclusion and life satisfaction data, thus obtaining the hybrid model. With the help of the point prediction method, we use the hybrid model to predict new values for the two aspects of social life for the upcoming three years and we analyze the results obtained in order to better understand their interconnection. The results suggest that unemployment has particularly adverse effects on the subjective perception of life satisfaction, furthermore increasing the social exclusion percentage.

Suggested Citation

  • Claudiu-Ionuţ Popîrlan & Irina-Valentina Tudor & Constantin-Cristian Dinu & Gabriel Stoian & Cristina Popîrlan & Daniela Dănciulescu, 2021. "Hybrid Model for Unemployment Impact on Social Life," Mathematics, MDPI, vol. 9(18), pages 1-19, September.
    • Handle: RePEc:gam:jmathe:v:9:y:2021:i:18:p:2278-:d:636754
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    References listed on IDEAS

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    Cited by:

    1. Mustafa Yurtsever, 2023. "Unemployment rate forecasting: LSTM-GRU hybrid approach," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 57(1), pages 1-9, December.
    2. Marian Necula & Maria-Magdalena Roșu & Alexandra-Maria Firescu & Cecilia Basu & Andreea Ardelean & Eduard C. Milea & Mihaela Păun, 2022. "New Methodological Approach to Classify Educational Institutions—A Case Study on Romanian High Schools," Mathematics, MDPI, vol. 10(14), pages 1-19, July.
    3. Lucia Svabova & Katarina Kramarova, 2022. "Allowance for School Graduate Practice Performance in Slovakia: Impact Evaluation of the Intervention," Mathematics, MDPI, vol. 10(9), pages 1-27, April.

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