Resource title

Scarring or scaring?: the psychological impact of past unemployment and future unemployment risk

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image for OpenScout resource :: Scarring or scaring?: the psychological impact of past unemployment and future unemployment risk

Resource description

We reassess the scarring hypothesis by Clark et al. (2001), which states that unemployment experienced in the past reduces a person's current life satisfaction even after the person has become reemployed. Our results suggest that the scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment scars because it scares .

Resource author

Andreas Knabe, Steffen R├Ątzel

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26502

Resource license

Adapt according to the presented license agreement and reference the original author.