Thinking about it: a note on attention and well-being losses from unemployment

This article investigates Schkade and Kahneman's (1998) maxim that ‘Nothing in life is quite as important as you think it is while you are thinking about it.’ This article shows that whilst becoming unemployed hurts psychologically, unemployment has a greater impact on happiness if the person a...

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Main Authors: Dolan, Paul., Powdthavee, Nattavudh.
Other Authors: School of Humanities and Social Sciences
Format: Article
Language:English
Published: 2013
Online Access:https://hdl.handle.net/10356/98780
http://hdl.handle.net/10220/12663
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-987802020-03-07T12:10:40Z Thinking about it: a note on attention and well-being losses from unemployment Dolan, Paul. Powdthavee, Nattavudh. School of Humanities and Social Sciences This article investigates Schkade and Kahneman's (1998) maxim that ‘Nothing in life is quite as important as you think it is while you are thinking about it.’ This article shows that whilst becoming unemployed hurts psychologically, unemployment has a greater impact on happiness if the person also regards it as an important event that took place in the last year. This finding, particularly if it is replicated for other domains, such as health and income, will have important implications for how we think about the impact of objective circumstances on well-being and about well-being more generally. 2013-07-31T08:12:38Z 2019-12-06T19:59:35Z 2013-07-31T08:12:38Z 2019-12-06T19:59:35Z 2012 2012 Journal Article Dolan, P.,& Powdthavee, N. (2012). Thinking about it: a note on attention and well-being losses from unemployment. Applied Economics Letters, 19(4), 325-328. https://hdl.handle.net/10356/98780 http://hdl.handle.net/10220/12663 10.1080/13504851.2011.577000 en Applied economics letters
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
description This article investigates Schkade and Kahneman's (1998) maxim that ‘Nothing in life is quite as important as you think it is while you are thinking about it.’ This article shows that whilst becoming unemployed hurts psychologically, unemployment has a greater impact on happiness if the person also regards it as an important event that took place in the last year. This finding, particularly if it is replicated for other domains, such as health and income, will have important implications for how we think about the impact of objective circumstances on well-being and about well-being more generally.
author2 School of Humanities and Social Sciences
author_facet School of Humanities and Social Sciences
Dolan, Paul.
Powdthavee, Nattavudh.
format Article
author Dolan, Paul.
Powdthavee, Nattavudh.
spellingShingle Dolan, Paul.
Powdthavee, Nattavudh.
Thinking about it: a note on attention and well-being losses from unemployment
author_sort Dolan, Paul.
title Thinking about it: a note on attention and well-being losses from unemployment
title_short Thinking about it: a note on attention and well-being losses from unemployment
title_full Thinking about it: a note on attention and well-being losses from unemployment
title_fullStr Thinking about it: a note on attention and well-being losses from unemployment
title_full_unstemmed Thinking about it: a note on attention and well-being losses from unemployment
title_sort thinking about it: a note on attention and well-being losses from unemployment
publishDate 2013
url https://hdl.handle.net/10356/98780
http://hdl.handle.net/10220/12663
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