*Dissatisfied with Life But Having a Good Day: Time-Use and Well-Being of the Unemployed

23 Pages Posted: 7 Sep 2010

See all articles by Andreas Knabe

Andreas Knabe

Otto-von-Guericke-Universität Magdeburg - Institute of Economics and Business Administration; CESifo (Center for Economic Studies and Ifo Institute)

Steffen Rätzel

Otto-von-Guericke-Universität Magdeburg

Ronnie Schöb

Freie Universitaet Berlin; CESifo (Center for Economic Studies and Ifo Institute)

Joachim Weimann

Otto-von-Guericke-Universität Magdeburg - Institute of Economics and Business Administration; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: 2009-12-18

Abstract

We apply the Day Reconstruction Method to compare unemployed and employed people with respect to their subjective assessment of emotional affects, differences in the composition and duration of activities during the course of a day and their self-reported life satisfaction. Employed persons are more satisfied with their life than the unemployed and report more positive feelings when engaged in similar activities. Weighting these activities with their duration shows, however, that average experienced utility does not differ between the two groups. Although the unemployed feel sadder when engaged in similar activities, they can compensate this by using the time the employed are at work in more enjoyable ways.

Suggested Citation

Knabe, Andreas and Rätzel, Steffen and Schöb, Ronnie and Weimann, Joachim, *Dissatisfied with Life But Having a Good Day: Time-Use and Well-Being of the Unemployed (2009-12-18). The Economic Journal, Vol. 120, Issue 547, pp. 867-889, September 2010. Available at SSRN: https://ssrn.com/abstract=1670372 or http://dx.doi.org/10.1111/j.1468-0297.2009.02347.x

Andreas Knabe (Contact Author)

Otto-von-Guericke-Universität Magdeburg - Institute of Economics and Business Administration ( email )

Universitaetsplatz 2
Magdeburg, 39016
Germany

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Steffen Rätzel

Otto-von-Guericke-Universität Magdeburg

Universitätspl. 2
PSF 4120
Magdeburg, D-39106
Germany

Ronnie Schöb

Freie Universitaet Berlin ( email )

Boltzmannstraße 20
Berlin, Berlin 14195
Germany

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Joachim Weimann

Otto-von-Guericke-Universität Magdeburg - Institute of Economics and Business Administration ( email )

Universitaetsplatz 2
Magdeburg, 39016
Germany

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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