Unemployment and psychological well-being

Niccholas Carroll*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    72 Citations (Scopus)

    Abstract

    whorecords 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.

    Original languageEnglish
    Pages (from-to)287-302
    Number of pages16
    JournalEconomic Record
    Volume83
    Issue number262
    DOIs
    Publication statusPublished - Sept 2007

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