Jobless, friendless and broke : what happens to different areas of life before and after unemployment?
Using a nationally representative longitudinal dataset of the British people, this paper explores how different areas of a person’s life evolved before and after unemployment. There is evidence that unemployment is preceded, on average, by a year of dissatisfaction with one’s finance and job, for...
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| Format: | Article |
| Language: | English |
| Published: |
2013
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| Online Access: | https://hdl.handle.net/10356/98159 http://hdl.handle.net/10220/13247 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Using a nationally representative longitudinal dataset of the British people, this paper explores how different
areas of a person’s life evolved before and after unemployment. There is evidence that unemployment
is preceded, on average, by a year of dissatisfaction with one’s finance and job, for both genders. Having
entered unemployment, men and women reported a significant and persistent drop in satisfaction with
finance and social life, which perhaps explains why there is little overall hedonic adaptation to unemployment.
This paper proposes a two-layer model to study leads and lags in life satisfaction to changes in
employment status. |
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