The social costs of unemployment: Accounting for unemployment duration

Carsten Ochsen and Heinz Welsch

No 60, Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics

Abstract: The social costs of unemployment, in terms of unemployment's impact on European citizens' life satisfaction, relate strongly to unemployment duration. At any level of general joblessness, reducing long-term unemployment is more important than reducing the number of people unemployed at any point in time.

Keywords: unemployment; unemployment duration; life satisfaction; happiness; social costs (search for similar items in EconPapers)
JEL-codes: I31 J64 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (4)

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Journal Article: The social costs of unemployment: accounting for unemployment duration (2011)
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