Involuntary Job Transitions and Subjective Well-Being

TitleInvoluntary Job Transitions and Subjective Well-Being
Publication TypeBook Chapter
Year of Publication2013
AuthorsKalil, A, DeLeire, T
EditorCouch, KA, Daly, MC, Zissimopoulos, JM
Book TitleLifecycle Events and Their Consequences: Job Loss, Family Change, and Declines in Health
PublisherStanford University Press
CityStanford, CA
KeywordsEmployment and Labor Force, Expectations, Other

This chapter examines whether lasting reductions in earnings and wealth due to job loss have consequences on well-being beyond financial concerns. In particular, the analysis uses data from the Health and Retirement Study (HRS) to examine the impact of job loss on two different measures of self-reported psychological well-being, one meant to capture life satisfaction and another that gauges a person's sense of purpose in life. The research indicates that job loss, independent of a variety of background factors, reduces satisfaction by roughly 25 to 50 percent and that self-assessments by individuals of their purpose in life also typically declines by roughly 15 percent. This work suggests that job loss takes a toll on the nonfinancial as well as the financial well-being of individuals.

Endnote Keywords

job loss/displacement/subjective well-being

Endnote ID


Short TitleInvoluntary Job Transitions and Subjective Well-Being
Citation Key5255