Becoming (Un)employed and Life Satisfaction: Asymmetric Effects and Potential Omitted Variable Bias in Empirical Happiness Studies
AbstractBecoming unemployed has negative effects on life satisfaction; a transition from unemployment to employment, however, has stronger positive effects in absolute terms. The asymmetry of the non-pecuniary effect indicates a potential “omitted variable bias” in previous empirical happiness studies.
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Bibliographic InfoPaper provided by Chair for Economic Policy, University of Hamburg in its series Working Papers with number 041.
Length: 7 pages
Date of creation: 07 Dec 2011
Date of revision:
Publication status: Published in Hamburg Contemporary Economic Discussions, Issue 41, 2011
Happiness; life satisfaction; asymmetric effect; labour status; employment; unemployment;
Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
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- Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers 0012005, Chair for Economic Policy, University of Hamburg.
- Wolfgang Maennig & Florian Schwarthoff, 2008. "Stadium Architecture and Regional Economic Development: International Experience and the Plans of Durban," Working Papers 0816, International Association of Sports Economists & North American Association of Sports Economists.
- Arne Feddersen, 2006. "Economic Consequences of the UEFA Champions League for National Championships - The Case of Germany," Working Papers 0012006, Chair for Economic Policy, University of Hamburg.
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