The diffusion of Temporary Work Agency (TWA) jobs originated a harsh policy debate and ambiguous empirical evidence. Results for the US, based on quasi-experimental evidence, suggest that a TWA assignment decreases the probability of finding a stable job, while results for Europe, based on the...

The diffusion of Temporary Work Agency (TWA) jobs originated a harsh policy debate and ambiguous empirical evidence. Results for the US, based on quasi-experimental evidence, suggest that a TWA assignment decreases the probability of finding a stable job, while results for Europe, based on the...

The diffusion of Temporary Work Agency (TWA) jobs originated a harsh policy debate and ambiguous empirical evidence. Results for the US, based on quasi-experimental evidence, suggest that a TWA assignment decreases the probability of finding a stable job, while results for Europe, based on the...

While rising unemployment generally reduces people's happiness, researchers argue that there is a compensating social-norm effect for the unemployed individual, who might suffer less when it is more common to be unemployed. This empirical study, however, rejects this thesis for German panel data...

Why unemployment has heterogeneous effects on subjective well-being remains a hot topic. Using German Socio-Economic Panel (GSOEP) data, this paper finds significant heterogeneity using different material deprivation measures. Unemployed individuals who do not suffer from material deprivation...

We exploit the extensive job loss associated with the devastating fourth wave of COVID-19 in Vietnam to examine the impact of unemployment on young people's experiences of anxiety and depression. Using data from a longitudinal study with individual and survey-wave fixed effects, we show that job...

This paper explains why people’s subjective well-being (SWB) fails to adapt to unemployment, even though people adapt to various life events. Although the unemployed downgrade their living standard when they enter into unemployment, their income is not sufficient to maintain their living. In...

This paper examines two key aspects of unemployment — its propagation mechanism and socioeconomic costs. It identifies a key feature of this macroeconomic phenomenon: it behaves like a disease. A detailed assessment of the transmission mechanism and the existing pecuniary and nonpecuniary...

The happiness literature finds that unemployment substantially decreases subjective well-being even after controlling for income. Whereas existing research explains these results through nonpecuniary costs, the present study suggests that the root cause is pecuniary. The unemployed have...