The unhappily unemployed return to work faster
This paper shows that job loss is associated with a fall in subjective well-being (SWB). It then looks at how this change in SWB predicts job search and unemployment duration. The findings suggest that those who report feeling hurt by unemployment have shorter unemployment durations. Men who report a loss of SWB are also more likely to look for a job, but women’s job search is not affected by the SWB loss. These findings confirm the theoretical prediction from job search theory: search effort and unemployment duration are affected by the utility differential between having a job and being unemployed. JEL codes: J64; J28 Copyright Mavridis; licensee Springer. 2015
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Volume (Year): 4 (2015)
Issue (Month): 1 (December)
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References listed on IDEAS
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- Hanglberger, Dominik & Merz, Joachim, 2011.
"Are Self-Employed Really Happier Than Employees? An Approach Modelling Adaptation and Anticipation Effects to Self-Employment and General Job Changes,"
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- Dominik Hanglberger & Joachim Merz, 2011. "Are Self-Employed Really Happier Than Employees? An Approach Modelling Adaptation and Anticipation Effects to Self-Employment and General Job Changes," FFB-Discussionpaper 88, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg.
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- Clark, Andrew E. & Oswald, Andrew J., 1998. "Comparison-concave utility and following behaviour in social and economic settings," Journal of Public Economics, Elsevier, vol. 70(1), pages 133-155, October. Full references (including those not matched with items on IDEAS)