Clark, A., Georgellis, Y. and Sanfey, P., 2001. Scarring: The Psychological Impact of Past Unemployment. Economica, 68 (270), pp. 221-241.
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Official URL: http://dx.doi.org/10.1111/1468-0335.00243
This paper considers the psychological impact of past unemployment. Using 11 waves of German panel data, we show that life satisfaction is lower not only for the current unemployed (relative to the employed), but also for those with higher levels of past unemployment. However, the negative wellbeing effect of current unemployment is weaker for those who have been unemployed more often in the past. The panel data also reveal some evidence that those suffering greater falls in wellbeing on entering unemployment are less likely to remain unemployed one year later. Together, these findings offer a psychological explanation of persistent unemployment.
|Subjects:||Technology > Business, Management and Marketing|
Social Sciences > Economics
|Deposited By:||Professor Yannis Georgellis LEFT|
|Deposited On:||11 Jun 2010 10:10|
|Last Modified:||07 Mar 2013 15:31|
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