Job loss and depression: The role of subjective expectations

TitleJob loss and depression: The role of subjective expectations
Publication TypeJournal Article
Year of Publication2011
AuthorsMandal, B, Ayyagari, P, Gallo, W
JournalSocial Science and Medicine
Volume72
Issue4
Pagination576
Call Numbernewpubs20110418_Mandal.pdf
KeywordsEmployment and Labor Force, End of life decisions, Expectations, Health Conditions and Status, Methodology, Other
Abstract

Although the importance of expectations is well documented in the decision-making literature, a key shortcoming of the empirical research into effects of involuntary job loss on depression is perhaps its neglect of the subjective expectations of job loss. Using data from the US Health and Retirement Study surveys we examine whether the impact of job loss on mental health is influenced by an individual's subjective expectations regarding future displacement. Our results imply that, among older workers in the age range of 55-65 year, subjective expectations are as significant predictors of depression as job loss itself, and ignoring them can bias the estimate of the impact of job loss on mental health.

URLhttp://sfx.lib.umich.edu:9003/sfx_local?genre=articleandsid=ProQ 3Aandatitle=Job 20loss 20and 20depression 3A 20The 20role 20of 20subjective 20expectationsandtitle=Social 20Science 20 26 20Medicineandissn=02779536anddate=2011-02-01andvolume=72andissue=4an
Endnote Keywords

Expectations/Older workers/Mental depression/Decision making/Impact analysis/Estimation bias/Mental health

Endnote ID

24690

Citation Key7546
PubMed ID21183267
PubMed Central IDPMC3684950