Article (Scientific journals)
The Causes and Consequences of Early-Adult Unemployment: Evidence from Cohort Data
Clark, Andrew; Lepinteur, Anthony
2019In Journal of Economic Behavior and Organization
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Keywords :
Unemployment; Life Satisfaction; Childhood; Social Norms
Abstract :
[en] We here use the employment-history data from the British Cohort Study to calculate an individual’s total experience of unemployment from the time they left education up to age 30. We show that, conditional on current unemployment, this experience is negatively correlated with the life satisfaction that the individual reports at age 30, so that past unemployment scars. We also identify the childhood circumstances and family background that predict this adult unemployment experience. Educational achievement and good behaviour at age 16 both reduce adult unemployment experience, and emotional health at age 16 is a particularly strong predictor of unemployment experience for women. Both boys and girls reproduce on average their parents’ unemployment, so that adult unemployment experience is transmitted between generations. We uncover evidence of a social-norm effect: children from less-advantaged backgrounds both experience more adult unemployment but are less affected by it in well-being.
Disciplines :
Microeconomics
Author, co-author :
Clark, Andrew ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE)
Lepinteur, Anthony ;  University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Behavioural and Cognitive Sciences (DBCS)
External co-authors :
yes
Language :
English
Title :
The Causes and Consequences of Early-Adult Unemployment: Evidence from Cohort Data
Publication date :
2019
Journal title :
Journal of Economic Behavior and Organization
ISSN :
0167-2681
eISSN :
1879-1751
Publisher :
Elsevier, Netherlands
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBilu :
since 17 February 2021

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