NEW MEASURES OF THE COSTS OF UNEMPLOYMENT: EVIDENCE FROM THE SUBJECTIVE WELL-BEING OF 3.3 MILLION AMERICANS.
Using two large U.S. surveys, we estimate the effects of unemployment on the subjective well-being (SWB) of the unemployed and the rest of the population. For the unemployed, the nonpecuniary costs of unemployment are several times as large as those resulting from lower incomes, while the indirect e...
| Publicado en: | Economic Inquiry Vol. 52; no. 4; pp. 1485 - 1503 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Oct2014
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=97580875&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 97580875 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Oct2014 vid: 52 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 97580875 10.1111/ecin.12093 ppf: 1485 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: P size: 715KB tig: atl: NEW MEASURES OF THE COSTS OF UNEMPLOYMENT: EVIDENCE FROM THE SUBJECTIVE WELL-BEING OF 3.3 MILLION AMERICANS. aug: au: HELLIWELL, JOHN F. HUANG, HAIFANG affil: Senior Fellow, Canadian Institute for Advanced Research and Professor Emeritus of Economics, Vancouver School of Economics, University of British Columbia, Vancouver BC V6T 1Z1, Canada Assistant Professor of Economics, Department of Economics, University of Alberta, Edmonton Alberta, T6G 2H4, Canada su: Unemployment & psychology Unemployment & society Psychological well-being Job security Well-being Economics Sociology of the United States economy sug: subj: Unemployment & psychology Unemployment & society Psychological well-being Job security Well-being Economics Sociology of the United States economy ab: Using two large U.S. surveys, we estimate the effects of unemployment on the subjective well-being (SWB) of the unemployed and the rest of the population. For the unemployed, the nonpecuniary costs of unemployment are several times as large as those resulting from lower incomes, while the indirect effect at the population level is 15 times as large. For those who are still employed, a one percentage point increase in local unemployment has an impact on well-being roughly equivalent to a 4% decline in household income. We also find evidence indicating that job security is an important channel for the indirect effects of unemployment. ( JEL E24, H23, J64, J68) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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