Sons' Unexpected Long Term Scarring due to Fathers' Unemployment

Diskussionspapiere extern

Michael Kind, John P. Haisken-DeNew

Bochum, Dortmund, Duisburg, Essen: Ruhr-Universität Bochum, Department of Economics, Technische Universität Dortmund, Department of Economics and Social Sciences, Universität Duisburg-Essen, Department of Economics and Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), 2012,
(Ruhr Economic Papers #375)

Abstract

This study focuses on the long term effects of unemployment on subjective wellbeing in a family context for 17-24 year old sons living with at least one parent, using data from the German SOEP. As fathers enter unemployment, sons‘ subjective wellbeing is not only reduced immediately, but also 5 years into the future. As this future reduction remains unexpected by the sons, this suggests even higher true costs of unemployment than previously thought.



Keywords: Life satisfaction, unemployment, intergenerational transmission, expectations
Externer Link:
http://en.rwi-essen.de/publikationen/ruhr-economic-papers/503/

DOI:
https://doi.org/10.4419/86788430

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