Boon or Bane? Others' Unemployment, Well-Being and Job Insecurity

Arbeitspapier

The social norm of unemployment suggests that aggregate unemployment reduces the wellbeing of the employed, but has a far smaller effect on the unemployed. We use German panel data to reproduce this standard result, but then suggest that the appropriate distinction may not be between employment and unemployment, but rather between higher and lower levels of labour-market security. Those with good job prospects, both employed and unemployed, are strongly negatively affected by regional unemployment. However, the insecure employed and the poor-prospect unemployed are less negatively, or even positively, affected. We use our results to analyse labour-market inequality and unemployment hysteresis.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 153

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Expectations; Speculations ; Mobility, Unemployment, Vacancies, and Immigrant Workers: General
• Thema: Unemployment ; Externalities ; Job Insecurity ; Well-Being

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Clark, Andrew ; Knabe, Andreas ; Rätzel, Steffen
• Ereignis: Veröffentlichung
• (wer): Deutsches Institut für Wirtschaftsforschung (DIW)
• (wo): Berlin
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/150700
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ