You’re Fired! the Causal Negative Effect of Entry Unemployment on Life Satisfaction
利用德国社会经济面板数据，发现公司倒闭导致的失业对女性生活满意度有显著负面影响，且这种非金钱损失远超收入损失。
This article examines the impact of unemployment for men and women on life satisfaction for Germany 1991-2006 using the German Socio-Economic Panel. We find that for women in east and west Germany, company closures in the year of entry into unemployment produce strongly negative effects on life satisfaction over and above an overall effect of unemployment, providing "prima facie" evidence of reduced outside work options, large investments in firm-specific human capital or a family constraint. The large compensating variation in terms of income indicates enormous non-pecuniary negative effects for women of exogenous entry unemployment due to company closures. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.