The Happiness of Young Australians: Empirical Evidence on the Role of Labour Market Experience

14 Pages Posted: 19 Dec 2005

See all articles by Alfred Michael Dockery

Alfred Michael Dockery

Curtin University - School of Economics and Finance; Curtin University - Centre for Research in Applied Economics; Bankwest Curtin Economics Centre

Abstract

Data from the Longitudinal Surveys of Australian Youth are used to investigate factors that influence young Australians' self-reported levels of 'happiness' during the school-to-work transition, focusing on the role of labour market experience. Panel logit models are fitted to control for individual effects. Fixed individual personality traits and marital status strongly influence reported happiness. There is evidence of declining well-being with duration of unemployment and of the importance of job quality, rather than just having a job. The validity of Clark and Oswald's (1994) assertion that empirical findings from happiness research show that unemployment is involuntary is questioned.

Suggested Citation

Dockery, Alfred Michael, The Happiness of Young Australians: Empirical Evidence on the Role of Labour Market Experience. Economic Record, Vol. 81, No. 255, pp. 322-335, December 2005. Available at SSRN: https://ssrn.com/abstract=857557 or http://dx.doi.org/10.1111/j.1475-4932.2005.00272.x

Alfred Michael Dockery (Contact Author)

Curtin University - School of Economics and Finance ( email )

GPO Box U 1987
Perth, Western Australia 6845
Australia

Curtin University - Centre for Research in Applied Economics ( email )

GPO Box U1987
Perth, Western Australia 6845
Australia

Bankwest Curtin Economics Centre ( email )

GPO Box U1987
Perth, WA 6845
Australia
61 8 9266 1744 (Phone)
61 8 9266 2373 (Fax)

HOME PAGE: http://https://bcec.edu.au/

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