Happiness as a guide to labor market policy

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2015 ; Bonn: Institute for the Study of Labor (IZA)

Classification and Topics

• Classification: Wirtschaft ; Personal Income, Wealth, and Their Distributions ; Labor Force and Employment, Size, and Structure ; Safety; Job Satisfaction; Related Public Policy ; Wage Level and Structure; Wage Differentials ; Unemployment: Models, Duration, Incidence, and Job Search ; Labor Standards: Workers' Rights ; Cultural Economics: Public Policy
• Subject: happiness ; well-being ; employment ; labor markets ; employment protection ; wage-income distribution

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ritzen, Jo
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2015

Further information

• DOI: doi:10.15185/izawol.149
• Handle: http://hdl.handle.net/10419/125372
• Last update: 10.03.2025, 11:43 AM CET