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The Happiness of Young Australians: Empirical Evidence on the Role of Labour Market Experience

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  • ALFRED MICHAEL DOCKERY

Abstract

Data from the Longitudinal Surveys of Australian Youth are used to investigate factors that influence young Australians' self‐reported levels of ‘happiness’ during the school‐to‐work transition, focusing on the role of labour market experience. Panel logit models are fitted to control for individual effects. Fixed individual personality traits and marital status strongly influence reported happiness. There is evidence of declining well‐being with duration of unemployment and of the importance of job quality, rather than just having a job. The validity of Clark and Oswald's (1994) assertion that empirical findings from happiness research show that unemployment is involuntary is questioned.

Suggested Citation

  • Alfred Michael Dockery, 2005. "The Happiness of Young Australians: Empirical Evidence on the Role of Labour Market Experience," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 322-335, December.
    • Handle: RePEc:bla:ecorec:v:81:y:2005:i:255:p:322-335
    DOI: 10.1111/j.1475-4932.2005.00272.x
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    References listed on IDEAS

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    1. Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
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    3. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
    4. Andrew Clark & Yannis Georgellis & Peter Sanfey, 2001. "Scarring: The Psychological Impact of Past Unemployment," Economica, London School of Economics and Political Science, vol. 68(270), pages 221-241, May.
    5. Paul Flatau & June Galea & Ray Petridis, 2000. "Mental Health and Wellbeing and Unemployment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 33(2), pages 161-181, June.
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