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Unemployment, Social Capital, and Subjective Well-Being

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  • Winkelmann, Rainer

    ()
    (University of Zurich)

Abstract

It has been shown in past research that unemployment has a large negative impact on subjective well-being of individuals. In this paper, I explore whether and to what extent people with more social capital are sheltered from the harmful effects of unemployment. Using data from the German Socio-Economic Panel 1984-2004, I find that social capital is an important predictor of well-being levels, but there is no evidence that it moderates the effect of unemployment on well-being. The well-being loss, in turn, is shown to predict job search and re-employment. Possible reasons for these findings are discussed, and suggestions for future research are given.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2346.

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Length: 27 pages
Date of creation: Sep 2006
Date of revision:
Publication status: published in: Journal of Happiness Studies, 2009, 10 (4), 421-430
Handle: RePEc:iza:izadps:dp2346

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Keywords: happiness; German Socio-Economic Panel; search; regression;

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References

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  5. Luttmer, Erzo F. P., 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," Working Paper Series rwp04-029, Harvard University, John F. Kennedy School of Government.
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  8. Winkelmann, Liliana & Winkelmann, Rainer, 1998. "Why Are the Unemployed So Unhappy? Evidence from Panel Data," Economica, London School of Economics and Political Science, vol. 65(257), pages 1-15, February.
  9. Stutzer, Alois & Lalive, Rafael, 2001. "The Role of Social Work Norms in Job Searching and Subjective Well-Being," IZA Discussion Papers 300, Institute for the Study of Labor (IZA).
  10. Andrew E. Clark, 2006. "A note on unhappiness and unemployment duration," PSE Working Papers halshs-00590444, HAL.
  11. Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-59, May.
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  14. Andrew Clark & Orsolya Lelkes, 2006. "Deliver us from Evil: Religion as insurance," Papers on Economics of Religion 06/03, Department of Economic Theory and Economic History of the University of Granada..
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  16. Wim Groot & Henriëtte Brink & Bernard Praag, 2007. "The Compensating Income Variation of Social Capital," Social Indicators Research, Springer, vol. 82(2), pages 189-207, June.
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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Productivity isn't everything
    by chris dillow in Stumbling and Mumbling on 2011-03-22 14:25:40
  2. A burden on the taxpayer?
    by chris dillow in Stumbling and Mumbling on 2007-11-16 10:26:18
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Cited by:
  1. Takashi Oshio & Miki Kobayashi, 2011. "Area-Level Income Inequality and Individual Happiness: Evidence from Japan," Journal of Happiness Studies, Springer, vol. 12(4), pages 633-649, August.
  2. Powdthavee, Nattavudh & Stutzer, Alois, 2014. "Economic Approaches to Understanding Change in Happiness," IZA Discussion Papers 8131, Institute for the Study of Labor (IZA).
  3. Toni Babarović & Lidija Burušić & Josip Burušić, 2011. "Who are the Supporters of Croatian Membership in the European Union and NATO? Predictive Value of Personal and National Well-Being," Social Indicators Research, Springer, vol. 102(1), pages 71-80, May.
  4. Mª del Salinas-Jiménez & Joaquín Artés & Javier Salinas-Jiménez, 2013. "How Do Educational Attainment and Occupational and Wage-Earner Statuses Affect Life Satisfaction? A Gender Perspective Study," Journal of Happiness Studies, Springer, vol. 14(2), pages 367-388, April.
  5. Pawlowski, Tim & Downward, Paul & Rasciute, Simona, 2014. "Does national pride from international sporting success contribute to well-being? An international investigation," Sport Management Review, Elsevier, vol. 17(2), pages 121-132.
  6. Sehee Han & Heaseung Kim & Eung-Sun Lee & Hee-Sun Lee, 2013. "The Contextual and Compositional Associations of Social Capital and Subjective Happiness: A Multilevel Analysis from Seoul, South Korea," Journal of Happiness Studies, Springer, vol. 14(4), pages 1183-1200, August.
  7. Marc Hooghe, 2012. "I’m Happy, Hope You’re Happy Too," Journal of Happiness Studies, Springer, vol. 13(1), pages 17-29, March.
  8. van Hoorn, André & Maseland, Robbert, 2013. "Does a Protestant work ethic exist? Evidence from the well-being effect of unemployment," Journal of Economic Behavior & Organization, Elsevier, vol. 91(C), pages 1-12.
  9. Sehee Han & Heaseung Kim & Hee-Sun Lee, 2013. "A Multilevel Analysis of the Compositional and Contextual Association of Social Capital and Subjective Well-Being in Seoul, South Korea," Social Indicators Research, Springer, vol. 111(1), pages 185-202, March.
  10. Andreas Knabe & Steffen Rätzel & Ronnie Schöb & Joachim Weimann, 2009. "Dissatisfied with Life, but Having a Good Day: Time-Use and Well-Being of the Unemployed," CESifo Working Paper Series 2604, CESifo Group Munich.
  11. Dluhosch, Barbara & Horgos, Daniel, 2012. "Trading Up the Happiness Ladder," Working Paper 115/2012, Helmut Schmidt University, Hamburg.
  12. Esteban Calvo & Christine Mair, 2014. "The Multiplicative Effect of Individual- and Country-level Unemployment on Life Satisfaction in 97 Nations (1981-2009)," Working Papers 49, Facultad de Economía y Empresa, Universidad Diego Portales.
  13. Ronnie Schöb, 2013. "Unemployment and Identity," CESifo Economic Studies, CESifo, vol. 59(1), pages 149-180, March.
  14. Jan Eichhorn, 2013. "Unemployment Needs Context: How Societal Differences between Countries Moderate the Loss in Life-Satisfaction for the Unemployed," Journal of Happiness Studies, Springer, vol. 14(6), pages 1657-1680, December.
  15. Andrés Rodríguez-Pose & Viola Berlepsch, 2014. "Social Capital and Individual Happiness in Europe," Journal of Happiness Studies, Springer, vol. 15(2), pages 357-386, April.
  16. Rati Ram, 2010. "Social Capital and Happiness: Additional Cross-Country Evidence," Journal of Happiness Studies, Springer, vol. 11(4), pages 409-418, August.
  17. Christopher Ambrey & Christopher Fleming, 2014. "Life Satisfaction in Australia: Evidence from Ten Years of the HILDA Survey," Social Indicators Research, Springer, vol. 115(2), pages 691-714, January.
  18. Marc Hooghe & Bram Vanhoutte, 2011. "Subjective Well-Being and Social Capital in Belgian Communities. The Impact of Community Characteristics on Subjective Well-Being Indicators in Belgium," Social Indicators Research, Springer, vol. 100(1), pages 17-36, January.
  19. Krause, Annabelle, 2013. "Don’t worry, be happy? Happiness and reemployment," Journal of Economic Behavior & Organization, Elsevier, vol. 96(C), pages 1-20.

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