Sons' Unexpected Long Term Scarring Due to Fathers' Unemployment
M Kind, JP Haisken-DeNew
Melbourne Institute of Applied Economic and Social Research | Published : 2012
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.