Abstract
Using matched cross-sectional data drawn from the 2010 and 2012 Displaced Workers Supplements of the Current Population Surveys and the 2010, 2012, and 2013 American Time Use Survey Well-Being Modules, this paper examines the relationship between job displacement and various measures of subjective well-being by sex. Displaced men report lower levels of life evaluation than nondisplaced men due to the differences in employment, marital status and income, whereas displaced women report lower levels of net affect and happiness and increased pain, sadness, and stress than nondisplaced women, but no difference in their life evaluation. Among men, those displaced by layoffs, not by plant closings, express lower levels of life evaluation than those not displaced, but there is no such difference by cause of displacement among women. The negative relationship between job displacement and subjective well-being decreases over time for both men and women.
Highlights
Since the seminal paper by Clark and Oswald (1994), economists have been increasingly interested in the connection between unemployment and subjective wellbeing
In addition to the often-analyzed standard life evaluation question using the Cantril ladder, this paper examines various measures of subjective well-being based on time use—the U-index, net affect, meaningfulness, happiness, pain, sadness, and stress—and self-rated health status
The results for men in column 8 of Panel A in Table 4 indicate that those displaced by layoffs have significantly lower levels of the Cantril ladder than those not displaced but the difference is not significant between those displaced by plant closings and those not displaced
Summary
Since the seminal paper by Clark and Oswald (1994), economists have been increasingly interested in the connection between unemployment and subjective wellbeing.
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