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Jobless, friendless and broke: what happens to different areas of life before and after unemployment?

Powdthavee, Nattavudh (2012) Jobless, friendless and broke: what happens to different areas of life before and after unemployment? Economica, 79 (315). pp. 557-575. ISSN 0013-0427

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Identification Number: 10.1111/j.1468-0335.2011.00905.x

Abstract

Using a nationally representative longitudinal dataset of the British people, this paper explores how different areas of a person's life evolved before and after unemployment. There is evidence that unemployment is preceded, on average, by a year of dissatisfaction with one's finance and job, for both genders. Having entered unemployment, men and women reported a significant and persistent drop in satisfaction with finance and social life, which perhaps explains why there is little overall hedonic adaptation to unemployment. This paper proposes a two-layer model to study leads and lags in life satisfaction to changes in employment status.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/doi/10.1111/j.1468-...
Additional Information: © 2014 John Wiley
Divisions: LSE
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Date Deposited: 27 Jun 2014 09:20
Last Modified: 20 Jan 2020 04:47
URI: http://eprints.lse.ac.uk/id/eprint/57229

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