Abstract
Unemployment and (un)happiness: Life satisfaction approach to enhance policy efficiency for developing countries
Highlights
The primary goal of all economic policy decisions is to enhance the well-being of people, at the individual level and as a whole (Oishi & Diener, 2014). Ritzen (2019) argues that “happiness is key to a productive economy, and a job is a key to individual happiness”
Employment agencies in the countries with limited employability and compensation resources are recommended to employ such a supporting system based on this scale to support first those who need it the most
This introductory overview displays the level of unhappiness among unemployed people in Azerbaijan
Summary
The primary goal of all economic policy decisions is to enhance the well-being of people, at the individual level and as a whole (Oishi & Diener, 2014). Ritzen (2019) argues that “happiness is key to a productive economy, and a job is a key to individual happiness”. Unemployment and (un)happiness: Life satisfaction approach to enhance policy. The family (Layard, Clark & Senik, 2013). It is income loss, and the sense that the person is not fulfilling the duties expected of them as a human being (Akerlof & Shiller, 2010). Recent studies present strong evidence that unemployment decreases life satisfaction (Lim, 2017; Eren & Aşıcı, 2017; Frey, 2018; Barros, Dieguez & Nunes, 2019) and mental health (Farré, Fasani & Mueller, 2018), simultaneously increases happiness inequality (Becchetti, Massari & Naticchioni, 2013). Studies reveal that jobless people are unhappy and stressed, have poorer mental health (Clark & Oswald, 1994), and feel less valuable
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