SHOULD WE BLAME THE GRADUATES FOR THEIR UNEMPLOYMENT? A HAPPINESS APPROACH

Hock-Eam Lim and Hongbo Duan

Hitotsubashi Journal of Economics, 2015, vol. 56, issue 2, 243-258

Abstract: This paper estimates change of happiness of Malaysian graduates who are in the stage of transition from university to labour market and tests the voluntary unemployment hypothesis using a happiness approach. It is found that a substantial deterioration in the graduate's happiness occurs during the transition. The change in happiness of unemployed graduates are not differ significantly from graduates who are self-employed, part-time or full-time employed with employment that does not commensurate with qualification. Thus, we could not reject the voluntary unemployment hypothesis and the graduates could be partially blamed for their unemployment.

Keywords: voluntary unemployment; graduate unemployment; change in happiness; psychological impact of unemployment (search for similar items in EconPapers)
JEL-codes: A23 I23 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitjec:v:56:y:2015:i:2:p:243-258

DOI: 10.15057/27602

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