Elusive effects of unemployment on happiness
This paper explores the connection between unemployment and subjective well-being in Finland by using cross-sections for the years 1990, 1996 and 2000 from World Values Surveys. An unprecedented increase in the national unemployment rate (from 3 to 17 per cent) did not produce a drop in the mean level of subjective well-being. Experiencing unemployment personally reduces life satisfaction, but does not have a significant effect on happiness in ordered logit estimation. However, generalized ordered logit estimation reveals that being unemployed has a negative effect on happiness at lower happiness scores, but no significant effect at high happiness levels.
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| Length: | 16 pages |
| Date of creation: | 19 Apr 2005 |
| Date of revision: | |
| Handle: | RePEc:wpa:wuwpla:0504008 |
| Note: | Type of Document - pdf; pages: 16 |
| Contact details of provider: | Web page: http://128.118.178.162
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References listed on IDEAS
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B 03-2001, ZEI - Center for European Integration Studies, University of Bonn.
- Robert J. MacCulloch & Rafael Di Tella & Andrew J. Oswald, 2001. "Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness," American Economic Review, American Economic Association, vol. 91(1), pages 335-341, March.
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