Unemployment & Happiness
Future aim: a happier society
Ronnie Schöb emphasizes in his new publication (“Measuring Happiness: The Economics of Well-Being”) that a person’s life satisfaction and well-being does not depend on its income. At least, as long as the basic conditions for life are secured. A rising income does not make people happier in the long-term. It is more important to change perspective. A higher income offers more opportunities like a better education, which is also beneficial for the economy. Economic growth helps the society to improve and expand the welfare. One of the most important aims of labour market policy should be the societies’ happiness. Happiness research helps unemployed people find new job opportunities as well as to develop new efficient coping strategies. Finding a new job makes people happier. Additionally, they contribute to the economy and the societies’ happiness.
- Jahoda, M. (1982), Employment and Unemployment, Cambridge University Press, Cambridge.
- Schöb, Ronnie, Weimann, Joachim, Knabe, Andreas (2015). Measuring Happiness: The economics of well-being, MIT Press. Cambridge.
- Schöb, Ronnie, Hetschko, Clemens, Knabe, Andreas (2014). Changing Identity: Retiring from Unemployment. The Economic Journal.124 (575), 149-166.
- Ronnie Schöb (2013). Unemployment and Identity. CESifo Economic Studies. (59 (1), 149-180.