Men without work: A global well-being and ill-being comparison

Carol Graham and Sergio Pinto

IZA World of Labor, 2019, No 464, 464

Abstract: The global economy is full of progress paradoxes. Improvements in technology, reducing poverty, and increasing life expectancy coexist with persistent poverty in the poorest countries and increasing inequality and unhappiness in many wealthy ones. A key driver of the latter is the decline in the status and wages of low-skilled labor, with an increasing percentage of prime-aged men (and to a lesser extent women) simply dropping out of the labor force. The trend is starkest in the US, though frustration in this same cohort is also prevalent in Europe, and it is reflected in voting patterns in both contexts.

Keywords: well-being; ill-being; MENA; LAC; labor force dropout; life satisfaction (search for similar items in EconPapers)
JEL-codes: I31 J21 (search for similar items in EconPapers)
Date: 2019
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