Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85854
Authors: 
van Praag, Bernard M.S.
Ferrer-i-Carbonell, Ada
Year of Publication: 
2002
Series/Report no.: 
Tinbergen Institute Discussion Paper 02-018/3
Abstract: 
Is working more than monetary income? This paper attempts to give an answer to this question on the basis of the German Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same household income, the monetary value of participating in the labour force is assessed. It is found that this monetary value is substantial for many individuals and that it varies strongly with personal characteristics such as age and gender.Women suffer less than men when loosing their job. Individuals about 65 and over do not seem to attach much value to working besides the income it generates.
Subjects: 
Employment
Satisfaction
Subjective labour costs
Unemployment
JEL: 
C23
C25
J20
Document Type: 
Working Paper

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