Unemployment has been robustly shown to strongly decrease subjective wellbeing. Using panel quantile regression techniques, we analyse to what extent the negative impact of unemployment varies along the (conditional) subjective wellbeing distribution. In our analysis of British Household Panel Survey data (1996–2008), we find that individuals with high life satisfaction suffer less from becoming […]

[…] cohesion, diversity and size of social networks) and used three indictors for well-being. We find that social network does play a significant role on well-being but the impact is much smaller than that of class. We also find that class is more closely related to the formal than the informal domains of social network. […]

[…] level on the intensity of preference for leisure relative to consumption, on the intensity of job offers, and on the wage offer distribution. Finally, we report simulation results with respect to the impact on labour market participation by letting the male catch up the arrears in educational attainment they currently have with respect to females.

[…] information on macroeconomic indicators. We estimate Ordered Logit and OLS models, both with individual fixed effects. We find some limited psychological costs with respect to self-reported life satisfaction in the crisis years, and a considerable impact of regional and national unemployment rates. Looking at job and health satisfaction we get similar though somewhat weaker results.

[…] From our empirical evidence, decision makers should be made aware of how events such as the crisis (and the measures taken to counter its effects) could negatively impact on a Nation’s trust levels. Furthermore, past research implies that the positive effects of trust on psychological wellbeing evident in this study may only be short-term; […]