Subjective Well-Being Approach to Valuing Unemployment: Direct and Indirect Cost

被引：0
作者：
Beja E.L., Jr [1 ]
机构：
[1] Department of Economics, Ateneo de Manila University, Quezon City
来源：
International Journal of Community Well-Being | 2020年 / 3卷 / 3期
关键词：
Subjective well-being; Unemployment; Valuation;
D O I：
10.1007/s42413-019-00053-7
中图分类号：
学科分类号：
摘要：
The study presents a subjective well-being approach to estimating the direct and indirect cost of unemployment. Using a combined dataset from the World Values Survey and the World Development Indicators, the study finds that the indirect cost of unemployment is about twice the size of the direct cost of unemployment. The overall estimate for the cost of unemployment turns out to be 1.5 income quintiles change in income. The finding of the study not only confirms a high price to pay for not working out the unemployment problem but also highlights the importance of public policy that seeks to guarantee employment and provide social protection for the unemployed. © 2019, Springer Nature Switzerland AG.
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页码：277 / 287
页数：10
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