Why Are the Unemployed So Unhappy? Evidence from Panel Data
- Authors
- Liliana Winkelmann, Rainer Winkelmann
- Venue
- Economica, 65(257), 1–15
- Published
- 1998-02-01
Peer-reviewed study using German panel data on life satisfaction. It finds unemployment lowers wellbeing far beyond the effect of the lost income itself — work also provides social relationships, identity and self-esteem. Published in Economica, 1998.
