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Thinking about it : a note on attention and well-being losses from unemployment
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Dolan, Paul and Powdthavee, Nattavudh (2012) Thinking about it : a note on attention and well-being losses from unemployment. Applied Economics Letters, 19 (4). pp. 325-328. doi:10.1080/13504851.2011.577000
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Official URL: http://dx.doi.org/10.1080/13504851.2011.577000
Abstract
This article investigates Schkade and Kahneman's (1998 Schkade, D. and Kahneman, D. 1998. Does living in California make people happy? A focusing illusion in judgments of life satisfaction. Psychological Science, 9: 340–6. ) maxim that ‘Nothing in life is quite as important as you think it is while you are thinking about it.’ This article shows that whilst becoming unemployed hurts psychologically, unemployment has a greater impact on happiness if the person also regards it as an important event that took place in the last year. This finding, particularly if it is replicated for other domains, such as health and income, will have important implications for how we think about the impact of objective circumstances on well-being and about well-being more generally.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
| Journal or Publication Title: | Applied Economics Letters | ||||
| Publisher: | Routledge | ||||
| ISSN: | 1350-4851 | ||||
| Official Date: | 2012 | ||||
| Dates: |
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| Volume: | 19 | ||||
| Number: | 4 | ||||
| Page Range: | pp. 325-328 | ||||
| DOI: | 10.1080/13504851.2011.577000 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access |
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