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http://ssrn.com/abstract=937887
 
 

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Unemployment, Social Capital, and Subjective Well-Being


Rainer Winkelmann


University of Zurich - Statistics and Empirical Economic Research; Institute for the Study of Labor (IZA); Centre for Economic Policy Research (CEPR)

September 2006

IZA Discussion Paper No. 2346

Abstract:     
It has been shown in past research that unemployment has a large negative impact on subjective well-being of individuals. In this paper, I explore whether and to what extent people with more social capital are sheltered from the harmful effects of unemployment. Using data from the German Socio-Economic Panel 1984-2004, I find that social capital is an important predictor of well-being levels, but there is no evidence that it moderates the effect of unemployment on well-being. The well-being loss, in turn, is shown to predict job search and re-employment. Possible reasons for these findings are discussed, and suggestions for future research are given.

Number of Pages in PDF File: 27

Keywords: happiness, German Socio-Economic Panel, search, regression

JEL Classification: I31, J64, Z13

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Date posted: October 17, 2006  

Suggested Citation

Winkelmann, Rainer, Unemployment, Social Capital, and Subjective Well-Being (September 2006). IZA Discussion Paper No. 2346. Available at SSRN: http://ssrn.com/abstract=937887

Contact Information

Rainer Winkelmann (Contact Author)
University of Zurich - Statistics and Empirical Economic Research ( email )
Raemistrasse 62
CH-8001 Zurich
Switzerland
++41 1 634 2292 (Phone)
++41 1 634 4996 (Fax)
HOME PAGE: http://www.unizh.ch/sts/
Institute for the Study of Labor (IZA) ( email )
P.O. Box 7240
Bonn, D-53072
Germany
+49 228 3894 503 (Phone)
+49 228 3894 510 (Fax)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
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