The Role of Social Work Norms in Job Searching and Subjective Well-Being

Stutzer, Alois and Lalive, Rafael. (2004) The Role of Social Work Norms in Job Searching and Subjective Well-Being. Journal of the European Economic Association, 2 (4). pp. 696-719.

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Official URL: http://edoc.unibas.ch/dok/A5838877

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Social norms are usually neglected in economics, because they are to a large extent enforced through nonmarket interactions and difficult to isolate empirically. In this paper, we offer a direct measure of the social norm to work and we show that this norm has important economic effects. The stronger the norm, the more quickly unemployed people find a new job. This behavior can be explained by utility differences, probably due to social pressure. Unemployed people are significantly less happy than employed people and their reduction in life satisfaction is the larger, the stronger the norm is. (JEL: I31, J64)
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Politische ├ľkonomie (Stutzer)
UniBasel Contributors:Stutzer, Alois
Item Type:Article, refereed
Article Subtype:Research Article
Note:Publication type according to Uni Basel Research Database: Journal article
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Last Modified:01 Jun 2018 13:36
Deposited On:14 Sep 2012 07:09

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