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Thinking about it: a note on attention and well-being losses from unemployment

Dolan, Paul and Powdthavee, Nattavudh (2012) Thinking about it: a note on attention and well-being losses from unemployment. Applied Economics Letters, 19 (4). pp. 325-328. ISSN 1350-4851

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Identification Number: 10.1080/13504851.2011.577000

Abstract

This article investigates Schkade and Kahneman's (1998) maxim that 'Nothing in life is quite as important as you think it is while you are thinking about it.' This article shows that whilst becoming unemployed hurts psychologically, unemployment has a greater impact on happiness if the person also regards it as an important event that took place in the last year. This finding, particularly if it is replicated for other domains, such as health and income, will have important implications for how we think about the impact of objective circumstances on well-being and about well-being more generally.

Item Type: Article
Official URL: http://www.tandfonline.com/loi/rael20
Additional Information: © 2012 Taylor & Francis
Subjects: B Philosophy. Psychology. Religion > BF Psychology
H Social Sciences > H Social Sciences (General)
JEL classification: H - Public Economics > H0 - General
I - Health, Education, and Welfare > I0 - General
Sets: Departments > Social Policy
Collections > Economists Online
Date Deposited: 06 Oct 2011 15:41
Last Modified: 30 May 2014 15:41
URI: http://eprints.lse.ac.uk/id/eprint/38631

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