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Lizenz
Report (Bericht) zugänglich unter
Why Does Unemployment Hurt the Employed? Evidence from the Life Satisfaction Gap between the Public and the Private Sector
URN: urn:nbn:de:bsz:291-psydok-16068
URL: http://psydok.sulb.uni-saarland.de/volltexte/2008/1606/
Quelle:
(2008) IZA Discussion Paper Series No. 3385
pdf-Format:
Dokument 1.pdf (1.050 KB)
SWD-Schlagwörter:
Arbeitslosigkeit , Zufriedenheit , Arbeitsplatzsicherung
Freie Schlagwörter (Englisch):
unemployment , life satisfaction , job security , public sector
Institut:
Forschungsinstitut zur Zukunft der Arbeit/ Institute for the Study of Labor
DDC-Sachgruppe:
Psychologie
Dokumentart:
Report (Bericht)
Schriftenreihe:
Forschungsinstitut zur Zukunft der Arbeit/ Institute for the Study of Labor: IZA Discussion Paper Series
Bandnummer:
3385
Sprache:
Englisch
Erstellungsjahr:
2008
Publikationsdatum:
02.06.2008
Kurzfassung auf Englisch:
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers? well-being by exploiting sector-specific institutional differences in the exposure to economic shocks. Public servants have stricter dismissal protection and face a lower risk of their organization?s bankruptcy than private sector employees. The empirical results for individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private. This suggests that increased economic insecurity constitutes an important welfare loss associated with high general unemployment.
Lizenz:
Standard-Veröffentlichungsvertrag