The Social Costs of Unemployment: Accounting for Unemployment Duration

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The Social Costs of Unemployment: Accounting for Unemployment Duration

Author Info

Carsten Ochsen () (University of Rostock)
Heinz Welsch () (University of Oldenburg)

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Carsten Ochsen

Abstract

The social costs of unemployment, in terms of unemployment's impact on European citizens' life satisfaction, relate strongly to unemployment duration. At any level of general joblessness, reducing long-term unemployment is more important than reducing the number of people unemployed at any point in time.

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Paper provided by University of Rostock, Institute of Economics, Germany in its series Thuenen-Series of Applied Economic Theory with number 60.

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Length: 9 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:ros:wpaper:60

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Find related papers by JEL classification:
J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare

This paper has been announced in the following NEP Reports:

NEP-ALL-2006-12-09 (All new papers)
NEP-LAB-2006-12-09 (Labour Economics)
NEP-SOC-2006-12-09 (Social Norms & Social Capital)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

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. [Downloadable!] (restricted)
Welsch, Heinz, 2006. "Environment and happiness: Valuation of air pollution using life satisfaction data," Ecological Economics, Elsevier, vol. 58(4), pages 801-813, July. [Downloadable!] (restricted)

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Carsten Ochsen, 2008. "Subjective Well-Being and the Duration of Aggregate Unemployment in Europe," Thuenen-Series of Applied Economic Theory 97, University of Rostock, Institute of Economics, Germany. [Downloadable!]

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