Unemployment: Where Does it Hurt?

Aaron Smith analysis average satisfaction become unemployed Christchurch Clark and Oswald coefficients compensating income variation compensating variation correlation cost of unemployment cross tabulations David E. A. Giles David Giles dependent variable Discussion Paper dissatisfied drop in satisfaction Easterlin effect logit model effect of unemployment effects probit model employed individuals evidence females fixed effect logit gender German Socio-Economic Panel Heteroscedasticity household income income effect increase in income individual satisfaction individual specific effects individuals with low interaction inverse causation John Fountain Judith Julian Wright Labor Force Status labor market status Liliana Winkelmann Log-Likelihood log(INCOME maximum likelihood mental distress Michael Carter negative effect non-participation non-pecuniary costs Optimal ordered probit model P(Sit pecuniary costs percentage points pooled Pre-Test Estimation Rainer Winkelmann random effects model random effects probit regressors reports a satisfaction s.e. coeff sample satisfaction levels satisfaction response unemployment effect unemployment on satisfaction University of Canterbury Winkelmann and Rainer Zealand