Subjective Well-Being Approach to Valuing Unemployment: Direct and Indirect Cost

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2019
• Subjects: Subjective well-being; Unemployment; Valuation; Economics
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/56; https://link.springer.com/article/10.1007/s42413-019-00053-7
• Institution: Ateneo De Manila University

The study presents a subjective well-being approach to estimating the direct and indirect cost of unemployment. Using a combined dataset from the World Values Survey and the World Development Indicators, the study finds that the indirect cost of unemployment is about twice the size of the direct cos...