I can't forget about U: lifetime unemployment and retirement wellbeing
研究利用欧洲SHARE面板数据，发现退休人员的福祉仍受其工作生涯中失业经历的负面影响，且这种疤痕效应不因退休收入降低而消失，表明当期相关性显著低估了失业的福祉成本。
Abstract It is well known that unemployment leaves scars after re‐employment, but does this scarring effect persist even after retirement? We analyse European data on retirees from the SHARE panel, and show that the wellbeing of the retired continues to reflect the unemployment that they experienced over their working life. These scarring effects are somewhat smaller for older retirees, but larger for those who arguably had higher expectations regarding the labour market when they were active. The lower wellbeing from lifetime unemployment does not reflect lower retirement income. This long‐run scarring for those who have left the labour market underlines that contemporaneous correlations significantly underestimate the wellbeing cost of unemployment.