Sons' Unexpected Long Term Scarring Due to Fathers' Unemployment
19 Pages Posted: 17 Oct 2012 Last revised: 31 Jan 2013
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Sons' Unexpected Long Term Scarring Due to Fathers' Unemployment
Date Written: October 2012
Abstract
This study focuses on the long term effects of unemployment on subjective wellbeing in a family context for 17-24 year old sons living with at least one parent, using data from the German SOEP. As fathers enter unemployment, sons’ subjective wellbeing is not only reduced immediately, but also 5 years into the future. As this future reduction remains unexpected by the sons, this suggests even higher true costs of unemployment than previously thought.
Keywords: life satisfaction, unemployment, intergenerational transmission, expectations
JEL Classification: Z1, J64, J65, J13
Suggested Citation: Suggested Citation