Sons' Unexpected Long Term Scarring due to Fathers' Unemployment

Michael Kind and John P. Haisken-DeNew
Authors registered in the RePEc Author Service: John P. de New

No 375, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: This study focuses on the long term eff ects 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)
Date: 2012
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Citations: View citations in EconPapers (2)

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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:zbw:rwirep:375

DOI: 10.4419/86788430

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