Sons' Unexpected Long Term Scarring Due to Fathers' Unemployment

Michael Kind and John P. Haisken-DeNew ()
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John P. Haisken-DeNew: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, http://melbourneinstitute.com/staff/jhd/default.html
Authors registered in the RePEc Author Service: John P. de New

Melbourne Institute Working Paper Series from Melbourne Institute of Applied Economic and Social Research, The University of Melbourne

Abstract: This study focuses on the long term effects of unemployment on subjective wellbeing in a family context for 17-24 year old sons living with at least one parent, using data from the German SOEP. As fathers enter unemployment, sons’ subjective wellbeing is not only reduced immediately, but also 5 years into the future. As this future reduction remains unexpected by the sons, this suggests even higher true costs of unemployment than previously thought.

Keywords: Life satisfaction; unemployment; intergenerational transmission; expectations (search for similar items in EconPapers)
JEL-codes: J13 J64 J65 Z1 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2012-10
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Working Paper: Sons' Unexpected Long Term Scarring due to Fathers' Unemployment (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:iae:iaewps:wp2012n21

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