|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/26502
|
| | |
| Title: | | Scarring or scaring?: the psychological impact of past unemployment and future unemployment risk  |
| Authors: | | Knabe, Andreas Rätzel, Steffen |
| Issue Date: | | 2008 |
| Series/Report no.: | | CESifo working paper 2457 |
| Abstract: | | We reassess the scarring hypothesis by Clark et al. (2001), which states that unemployment experienced in the past reduces a person's current life satisfaction even after the person has become reemployed. Our results suggest that the scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment scars because it scares. |
| Subjects: | | Unemployment scarring happiness life satisfaction |
| JEL: | | I31 D10 J60 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/26502
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|