Can Subjective Well-Being Predict Unemployment Length?

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dc.creatorMavridis, Dimitris
dc.date2012-03-19T18:40:10Z
dc.date2012-03-19T18:40:10Z
dc.date2010-05-01
dc.date.accessioned2026-07-01T01:19:32Z
dc.descriptionThis paper uses 16 waves of panel data from the British Household Panel Survey to evaluate the role of subjective well-being in determining labor market transitions. It confirms a previous finding in the literature: individuals report a fall in their happiness when they lose a job, but they report a smaller fall when they are surrounded by unemployed peers, an effect called the "social norm". The main results of interest are that job search effort and unemployment duration are affected by the utility differential between having a job and being unemployed. Since this differential is also affected by the social norm, it implies that when unemployment increases, the unemployed are happier and they reduce their search effort. These results indicate that unemployment hysteresis has labor supply causes.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100526161301
dc.identifierhttps://hdl.handle.net/10986/3807
dc.identifier10.1596/1813-9450-5293
dc.identifier.urihttp://hdl.handle.net/123456789/417064
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5293
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectAGGREGATE UNEMPLOYMENT
dc.subjectCREATIVE DESTRUCTION
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIVORCE
dc.subjectECONOMETRICS
dc.subjectECONOMIC RESEARCH
dc.subjectEMPLOYMENT RATE
dc.subjectEMPLOYMENT STATUS
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFUTURE RESEARCH
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHOUSEHOLD LEVEL
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD SURVEYS
dc.subjectILL HEALTH
dc.subjectINCOME
dc.subjectJOB LOSS
dc.subjectJOB SEARCH
dc.subjectJOBLESS RATE
dc.subjectJOBS
dc.subjectLABOR DEMAND
dc.subjectLABOR ECONOMICS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET POLICIES
dc.subjectLABOR RELATIONS
dc.subjectLABOR SUPPLY
dc.subjectLABOUR
dc.subjectLABOUR FORCE
dc.subjectMACROECONOMIC SHOCKS
dc.subjectMACROECONOMICS
dc.subjectMATERNITY LEAVE
dc.subjectMENTAL HEALTH
dc.subjectNUMBER OF HOUSEHOLDS
dc.subjectPHILLIPS CURVE
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOLICY RESPONSE
dc.subjectPRESENT ANALYSIS
dc.subjectPRESENT VALUE
dc.subjectPREVIOUS SECTION
dc.subjectPROBIT REGRESSION
dc.subjectPROGRESS
dc.subjectPROPORTIONAL HAZARD MODEL
dc.subjectREGIONAL UNEMPLOYMENT
dc.subjectRESPECT
dc.subjectSAME SEX
dc.subjectSELF EMPLOYED
dc.subjectSELF-ESTEEM
dc.subjectSOCIAL NORMS
dc.subjectSOCIAL RESEARCH
dc.subjectSPOUSE
dc.subjectSPOUSES
dc.subjectSURVIVAL ANALYSIS
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYED INDIVIDUALS
dc.subjectUNEMPLOYED PERSONS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT BENEFITS
dc.subjectUNEMPLOYMENT DURATION
dc.subjectUNEMPLOYMENT INSURANCE
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectUNEMPLOYMENT SPELL
dc.subjectUNEMPLOYMENT SPELLS
dc.subjectUTILITY FUNCTION
dc.subjectWAGE DISTRIBUTION
dc.subjectWORKERS
dc.subjectYOUTH
dc.titleCan Subjective Well-Being Predict Unemployment Length?

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