Measuring satisfaction of the unemployed: A composite indicator and policy implications

Bellido, Hector (Universidad de Zaragoza) ; Gimenez-Nadal, José Ignacio (Universidad de Zaragoza) ; Ortega, Raquel (Universidad de Zaragoza)

Resumen: Given that unemployment is one of the main economic problems, policymakers debate the possible solutions. We contribute to this debate by analysing the general satisfaction of the unemployed in Spain and comparing it with that of the employed. To this end, we create a composite indicator of general satisfaction using responses in the European Community Household Panel (ECHP) (1994–2001) relating to specific satisfaction in different areas, work, financial, home and leisure time. We find that being unemployed has a significant and negative association with the general satisfaction of individuals and, in consequence, we conclude that the Spanish unemployment problem cannot be attributed, at least not entirely, to a lack of incentives for seeking work.

Idioma: Inglés

DOI: 10.1080/13504851.2011.558475

Año: 2011

Publicado en: APPLIED ECONOMICS LETTERS 18, 17 (2011), 1687-1690
ISSN: 1350-4851

Factor impacto JCR: 0.226 (2011)

Categ. JCR: ECONOMICS rank: 285 / 320 = 0.891 (2011) - Q4 - T3

Financiación: info:eu-repo/grantAgreement/ES/DGA/B094-09
Financiación: info:eu-repo/grantAgreement/ES/MICINN/ECO2008-01297

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)