Better an insecure job than no job at all? Unemployment, job insecurity and subjective wellbeing
We analyze the impact of a person’s current employment status and expectations about his or her future labor market status on life satisfaction, using long -run panel data for Germany. Our findings suggest that future expectations (measured by perceived job security for the employed and chances to find a new job for the unemployed) are at least as important for a person ’s subjective well-being as his or her current employment status. This implies that an unemployed person who thinks it will be easy to find a new job might be happier than if he had an insecure job. There might be circum¬stances under which having no job is less harmful for subjective well-being than being employed in an insecure one.
Volume (Year): 30 (2010)
Issue (Month): 3 ()
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- Melvin Stephens, Jr., 2003.
"Job Loss Expectations, Realizations, and Household Consumption Behavior,"
NBER Working Papers
9508, National Bureau of Economic Research, Inc.
- Melvin Stephens, 2004. "Job Loss Expectations, Realizations, and Household Consumption Behavior," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 253-269, February.
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02-024/3, Tinbergen Institute.
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- Andy Dickerson & Francis Green, 2009.
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2009016, The University of Sheffield, Department of Economics, revised Nov 2009.
- Charles F. Manski, 2004. "Measuring Expectations," Econometrica, Econometric Society, vol. 72(5), pages 1329-1376, 09.
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