We use nationally representative data from the UK Time-Use Survey 2014/2015 to investigate how a person's employment status is related to time use and cognitive and affective dimensions of subjective well-being. We find that unemployed persons report substantially lower levels of life...

Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also creates non-pecuniary, psychological costs. We quantify these non-pecuniary losses by using the life satisfaction approach. In contrast to previous studies, we apply Friedman's...

This paper examines possible spillover effects of parental unemployment on the subjective wellbeing of 12- to 21-year-old children. Using German panel data (SOEP), we show that unemployment of fathers and mothers is negatively associated with their children's life satisfaction. When controlling...