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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. Copyright 2005 The Economic Society Of Australia.

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
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    Cited by:

    1. Leonardo Becchetti & Fabio Pisani, 2012. "Family money, relational life and (class) relative wealth:an empirical analysis on life satisfaction of secondary school students," Econometica Working Papers wp35, Econometica.
    2. Wang-Sheng Lee & Umut Oguzoglu, 2007. "Are Youths on Income Support Less Happy? Evidence from Australia," Melbourne Institute Working Paper Series wp2007n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    3. Jacopo Baggio & Elissaios Papyrakis, 2014. "Agent-Based Simulations of Subjective Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 115(2), pages 623-635, January.
    4. Fabio Sabatini, 2008. "Does Social Capital Mitigate Precariousness?," Working Papers 2008.4, Fondazione Eni Enrico Mattei.
    5. Leonardo Becchetti & Fabio Pisani, 2014. "Family Economic Well-Being, and (Class) Relative Wealth: An Empirical Analysis of Life Satisfaction of Secondary School Students in Three Italian Cities," Journal of Happiness Studies, Springer, vol. 15(3), pages 503-525, June.
    6. repec:bla:ecorec:v:93:y:2017:i:301:p:238-254 is not listed on IDEAS
    7. Sabatini, Fabio, 2008. "Does Social Capital Mitigate Precariousness?," MPRA Paper 6639, University Library of Munich, Germany.
    8. Tony Beatton & Paul Frijters, 2012. "Unhappy Young Australians: a domain approach to explain life satisfaction change in children," School of Economics and Finance Discussion Papers and Working Papers Series 289, School of Economics and Finance, Queensland University of Technology.
    9. Kang-Rae Ma, 2016. "Intergenerational Transmission of Wealth and Life Satisfaction," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 11(4), pages 1287-1308, December.
    10. Nordlund, Madelende & Strandh, Mattias, 2014. "The relation between economic and non-economic incentives to work and employment chances among the unemployed," Working Paper Series 2014:23, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    11. Switek, Malgorzata, 2013. "Explaining Well-Being over the Life Cycle: A Look at Life Transitions during Young Adulthood," IZA Discussion Papers 7877, Institute for the Study of Labor (IZA).
    12. Sabatini, Fabio, 2009. "Social capital as social networks: A new framework for measurement and an empirical analysis of its determinants and consequences," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(3), pages 429-442, June.
    13. Sabatini, Fabio, 2008. "Social Capital and the Labour Market," MPRA Paper 6582, University Library of Munich, Germany.
    14. Lim, Hock-Eam & Duan, Hongbo, 2015. "Should We Blame The Graduates For Their Unemployment? A Happiness Approach," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(2), pages 243-258, December.
    15. Jens Bonke & Mette Deding & Mette Lausten, 2009. "Time and Money," Journal of Happiness Studies, Springer, vol. 10(2), pages 113-131, April.

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