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- Title
Unemployment and Psychological Well-being.
- Authors
CARROLL, NICK
- Abstract
Who records the largest drops in life satisfaction when they move into unemployment? Do men experience a larger drop in life satisfaction? Do Australians and Americans record a larger drop than Europeans? Using panel data, this paper finds that the unemployed in Australia report lower life satisfaction than observationally equivalent employed people (holding current income constant). Being unemployed is estimated to be equivalent to the loss of $A42 100 annual income for men and even more for women. It is found that unemployment is less painful for men in Australia than for men in Germany and the UK.
- Subjects
UNEMPLOYMENT; EMPLOYMENT; UNEMPLOYED people; INCOME; QUALITY of life; ECONOMICS
- Publication
Economic Record, 2007, Vol 83, Issue 262, p287
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/j.1475-4932.2007.00415.x