[태그:] Labor supply elasticities

Fixed effects estimations with German data obtain the result that unemployment significantly lowers overall satisfaction with life. The results differ for men and women and are consistent with estimates of labor supply elasticities. Gerlach, K., &Stephan, G. (1996). A paper on unhappiness and unemployment in Germany. Economics Letters, 52(3), 325-330.https://doi.org/10.1016/S0165-1765(96)00858-0