A new GLO Discussion Paper summarizes the latest state of the art in economic research on unemployment and subjective well-being.
The Global Labor Organization (GLO) is an independent, non-partisan and non-governmental organization that functions as an international network and virtual platform to stimulate global research, debate and collaboration.
GLO Discussion Paper No. 760, 2021
GLO Fellow Nicolai Suppa
Author Abstract: This chapter summarizes the latest state of the art in economic research on unemployment and subjective well-being. Outcomes covered are general life satisfaction, affective well-being, and mental health. Special attention is paid to empirical evidence as obtained from popular panel data sets. Both prominent methodological issues and substantive themes are introduced. Topics covered include the estimation of non-pecuniary costs of unemployment, unemployment over time, the role of others’ unemployment, spill-over effects, and re-employment, among others.
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