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The Origins of HappinessThe Science of Well-Being over the Life Course$
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Andrew Clark, Sarah Fléche, Richard Layard, Nattavudh Powdthavee, and George Ward

Print publication date: 2019

Print ISBN-13: 9780691196336

Published to Princeton Scholarship Online: May 2020

DOI: 10.23943/princeton/9780691196336.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 21 September 2021

Work and Unemployment

Work and Unemployment

(p.61) 4 Work and Unemployment
The Origins of Happiness

Andrew E. Clark

Sarah Flèche

Richard Layard

Nattavudh Powdthavee

George Ward

Princeton University Press

This chapter considers work and unemployment. Full-time workers spend at least a quarter of their waking life at work. But on average, they enjoy that time less than anything else they do. The worst time of all is when they are with their boss. Even so, people hate it even more if they are unemployed. This is not just because they lose money from being out of work. They lose a sense of contributing, of belonging, and of being wanted. The chapter reviews all these issues, focusing again on people under 65. It first looks at unemployment—how much it hurts, whether one can adapt to it, what legacy it leaves, the role of local unemployment rates, and what determines who becomes unemployed. It then turns to the quality of work.

Keywords:   work, employment, unemployment, under 65, unemployment rates, happiness

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