A Pecuniary Explanation for the Heterogeneous Effects of Unemployment on Happiness
نویسنده
چکیده
Why unemployment has heterogeneous effects on subjective well-being remains unexplained. Using German Socio-Economic Panel (GSOEP) data, I find that both subjective and objective income measures mediate the negative effects of unemployment and explain its heterogeneous effects on happiness. This finding suggests that the root cause of the negative effects of unemployment is pecuniary. Policy implications for taxation and unemployment insurance are discussed.
منابع مشابه
Happiness and Unemployment: A Panel Data Analysis for Germany
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