Hartz and Minds: Happiness Effects of Reforming an Employment Agency
This study applies difference-in-difference estimations and finds a decrease in life satisfaction after the reforms that is more pronounced for male unemployed in west Germany. The effect is driven by income and income satisfaction, b ut not by the unemployment rate. Also unemployed persons who exogenously lost their jobs are affected by the reforms. In line with the structure of the reforms, the effect is stronger on long-term and involuntarily unemployed persons.
Source: Journal of Happiness Studies - Category: Psychiatry & Psychology Source Type: research