Unemployment, Social Capital, and Subjective Well-Being
- Rainer Winkelmann
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It has been shown in past research that unemployment has a large negative impact on subjective well-being of individuals. In this paper, I explore whether and to what extent people with more social capital are sheltered from the harmful effects of unemployment. Using data from the German Socio-Economic Panel 1984–2004, I find that social capital is an important predictor of well-being levels, but there is no evidence that it moderates the effect of unemployment on well-being. Possible reasons for these findings are discussed, and suggestions for future research given.
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- Unemployment, Social Capital, and Subjective Well-Being
Journal of Happiness Studies
Volume 10, Issue 4 , pp 421-430
- Cover Date
- Print ISSN
- Online ISSN
- Springer Netherlands
- Additional Links
- Social activities
- German Socio-Economic Panel
- Regression analysis
- Industry Sectors
- Author Affiliations
- 1. University of Zurich, Socioeconomic Institute, Zurichbergstr. 14, 8032, Zurich, Switzerland