Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125372
Authors: 
Ritzen, Jo
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 149
Abstract: 
Measures of individual happiness, or well-being, can guide labor market policies. Individual unemployment, as well as the rate of unemployment in society, have a negative effect on happiness. In contrast, employment protection and unemployment benefits can contribute to happiness—though when such policies prolong unemployment, the net effect on national happiness is negative. Active labor market policies that create more job opportunities increase happiness, which in turn increases productivity. Measures of individual happiness should therefore guide labor market policy more explicitly.
Subjects: 
happiness
well-being
employment
labor markets
employment protection
wage-income distribution
JEL: 
D31
J21
J28
J31
J64
J83
Z18
Persistent Identifier of the first edition: 
Document Type: 
Article

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