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Title:Becoming (un)employed and life satisfaction: Asymmetric effects and potential omitted variable bias in empirical happiness studies PDF Logo
Authors:Maennig, Wolfgang
Wilhelm, Markus
Issue Date:2011
Series/Report no.:Hamburg contemporary economic discussions 41
Abstract:Becoming unemployed has negative effects on life satisfaction; a transition from unemployment to employment, however, has only small positive effects. This asymmetry indicates a potential omitted variable bias in previous empirical happiness studies, with the consequence of underesti-mated effects of unemployment on life satisfaction. There are also gender-specific effects of asymmetry.
Subjects:Happiness
life satisfaction
asymmetric effect
labour status
employment
unemployment
JEL:I31
J01
Z13
ISBN:978-3-940369-97-0
Document Type:Working Paper
Appears in Collections:Hamburg Contemporary Economic Discussions, Lehrstuhl für Wirtschaftspolitik, Universität Hamburg

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