TY  - RPRT
        AU  - Winkelmann, Rainer
        TI  - Unemployment, Social Capital, and Subjective Well-Being
        PY  - 2006/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2346
        UR  - https://www.iza.org/index.php/publications/dp2346
        AB  - It has been shown in past research that unemployment has a large negative impact on subjective well-being of individuals. In this paper, I explore whether and to what extent people with more social capital are sheltered from the harmful effects of unemployment. Using data from the German Socio-Economic Panel 1984-2004, I find that social capital is an important predictor of well-being levels, but there is no evidence that it moderates the effect of unemployment on well-being. The well-being loss, in turn, is shown to predict job search and re-employment. Possible reasons for these findings are discussed, and suggestions for future research are given.
        KW  - happiness
KW  - German Socio-Economic Panel
KW  - search
KW  - regression
        ER  -