Unemployment, Social Capital, and Subjective Well-Being
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- Winkelmann, R. J Happiness Stud (2009) 10: 421. doi:10.1007/s10902-008-9097-2
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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.