Elusive Effects of Unemployment on Happiness

Petri Böckerman () and Pekka Ilmakunnas

No 210, Working Papers from Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE

Abstract: This paper explores the connection between unemployment and subjective well-being in Finland by using cross-sections for the years 1990, 1996 and 2000 from World Values Surveys. An unprecedented increase in the national unemployment rate (from 3 to 17 per cent) did not produce a drop in the mean level of subjective well-being. Experiencing unemployment personally reduces life satisfaction, but does not have a significant effect on happiness in unemployed has a negative effect on happiness at lower happiness scores, but no significant effect at high happiness levels

Keywords: happiness; unhappiness; life satisfaction; unemployment (search for similar items in EconPapers)
JEL-codes: C30 J28 J31 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2005-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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https://labore.fi/wp-content/uploads/2005/01/Tyopapereita-210.pdf First version, 2005 (application/pdf)

Related works:
Journal Article: Elusive Effects of Unemployment on Happiness (2006)
Working Paper: Elusive effects of unemployment on happiness (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:pst:wpaper:210

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