eprintid: 1489255
rev_number: 31
eprint_status: archive
userid: 608
dir: disk0/01/48/92/55
datestamp: 2016-05-02 16:58:01
lastmod: 2022-05-18 10:52:01
status_changed: 2016-05-02 16:58:01
type: article
metadata_visibility: show
creators_name: Green, Francis
title: Unpacking the misery multiplier: How employability modifies the impacts of unemployment and job insecurity on life satisfaction and mental health
ispublished: pub
divisions: UCL
divisions: B16
divisions: B14
divisions: J80
keywords: Employment, Insecurity, Employability, Flexicurity, Well-being
note: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
abstract: Employability strongly moderates the effects of unemployment and of job insecurity on life satisfaction and mental health. Using nationally representative panel data from Australia, I find that an increase in employability from zero to 100% cancels around three quarters, in some cases more, of the detrimental effect of unemployment. Employability also matters for employees: an increase in men's employability from zero to 100% reduces the detrimental effect of job insecurity by more than half. The effects of extreme job insecurity and of unemployment are large and of comparable magnitudes. The findings are used to compute estimates of the well-being trade-off between increases in job insecurity and increases in employability, relevant to the support of “flexicurity” policies, and of the “misery multiplier”, the extent to which the effect of a rise in aggregate unemployment on those becoming unemployed is supplemented by the effects on others’ insecurity and employability.
date: 2011-03
date_type: published
publisher: ELSEVIER
official_url: https://doi.org/10.1016/j.jhealeco.2010.12.005
oa_status: green
full_text_type: other
language: eng
primo: open
primo_central: open_green
article_type_text: Article
verified: verified_manual
elements_id: 1077178
doi: 10.1016/j.jhealeco.2010.12.005
lyricists_name: Green, George
lyricists_id: GFGRE15
full_text_status: public
publication: Journal of Health Economics
volume: 30
number: 2
pagerange: 265-276
pages: 12
issn: 1879-1646
citation:        Green, Francis;      (2011)    Unpacking the misery multiplier: How employability modifies the impacts of unemployment and job insecurity on life satisfaction and mental health.                   Journal of Health Economics , 30  (2)   pp. 265-276.    10.1016/j.jhealeco.2010.12.005 <https://doi.org/10.1016/j.jhealeco.2010.12.005>.       Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/1489255/1/Green2011Unpacking_265.pdf