Life Satisfaction Differences between Workers and Non-Workers - The Value of Participation per se

Arbeitspapier

Is working more than monetary income? This paper attempts to give an answer to this question on the basis of the German Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same household income, the monetary value of participating in the labour force is assessed. It is found that this monetary value is substantial for many individuals and that it varies strongly with personal characteristics such as age and gender.Women suffer less than men when loosing their job. Individuals about 65 and over do not seem to attach much value to working besides the income it generates.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Tinbergen Institute Discussion Paper ; No. 02-018/3

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities ; Demand and Supply of Labor: General
• Subject: Employment ; Satisfaction ; Subjective labour costs ; Unemployment ; Erwerbstätigkeit ; Arbeitslosigkeit ; Lebensqualität ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): van Praag, Bernard M.S. ; Ferrer-i-Carbonell, Ada
• Event: Veröffentlichung
• (who): Tinbergen Institute
• (where): Amsterdam and Rotterdam
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/85854
• Last update: 10.03.2025, 11:42 AM CET