Unemployment and Unhappiness: The Role of Pecuniary Factors

Luo, Jianbo

doi:10.2139/ssrn.2813844

Cited by 5 publications

(3 citation statements)

References 60 publications

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“…Second, Luo (2017) proposes a pecuniary explanation using a traditional approach. Using panel data GSOEP and combined cross-sectional datasets-the World Values Survey (WVS) and the European Values Study (EVS)-he shows that including different controls for pecuniary factors mediates a large portions of unemployment's negative effects.…”

Section: Unemployment and Swbmentioning

confidence: 99%

“…Various non-pecuniary factors are proposed to explain this phenomenon, such as the social work norm, psychological distress, and so on (see Winkelmann 2014 for a review). Two exceptions are Bayer and Juessen (2015) and Luo (2017), who suggest that the root cause is actually pecuniary. The heterogeneous effects of unemployment on SWB present a further controversy.…”

Section: Introductionmentioning

confidence: 99%

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A Pecuniary Explanation for the Heterogeneous Effects of Unemployment on Happiness

Luo

2019

J Happiness Stud

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Why unemployment has heterogeneous effects on subjective well-being remains a hot topic. Using German Socio-Economic Panel data, this paper finds significant heterogeneity using different material deprivation measures. Unemployed individuals who do not suffer from material deprivation may not experience a life satisfaction decrease and may even experience a life satisfaction increase. Policy implications for taxation and unemployment insurance are discussed.

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Section: Unemployment and Swbmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Pecuniary Explanation for the Heterogeneous Effects of Unemployment on Happiness

Luo

2019

J Happiness Stud

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“…Winkelmann (2014) argued that the negative effect of unemployment on life satisfaction has been well study over the last decades. Luo (2017) supported the fact that unemployment reduces SWB mainly because of its pecuniary effect. The most relevant reference for our study is Wulfgramm (2014) who found, for 21 European countries, that unemployment has a large negative effect on life satisfaction and other many studies support this evidence.…”

Section: Literature Reviewmentioning

confidence: 96%

What drives unhappiness? A cross‐country analysis

Acosta‐González

Gutiérrez

2023

Int Social Sci J

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We study the sources of misery (lowest level of life satisfaction) using the European Quality of Life 2016, a cross‐sectional survey for 28 European Union countries. We use the decomposition of misery, multivariate analysis and a structural equation model to assess which are the main sources to explain misery: risk of depression (mental health), unemployment, poverty or chronic health problems (physical health). Regardless of the methodological approach followed, we found consistently that the effect of mental health on misery is the largest, exceeding poverty and unemployment. Nonetheless, stigma and low access are the main barriers for mental health attention; therefore, policy goals should proactively promote attention, efficient prevention and early diagnosis of mental health problems.

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A Happiness and Objective Well-Being Index (HOW-IS-IL) for Living and Working in the State of Illinois, 2016-17

Golden

2017

SSRN Journal

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Unemployment and Unhappiness: The Role of Pecuniary Factors

Cited by 5 publications

References 60 publications

A Pecuniary Explanation for the Heterogeneous Effects of Unemployment on Happiness

A Pecuniary Explanation for the Heterogeneous Effects of Unemployment on Happiness

What drives unhappiness? A cross‐country analysis

A Happiness and Objective Well-Being Index (HOW-IS-IL) for Living and Working in the State of Illinois, 2016-17

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