@inbook {5255,
	title = {Involuntary Job Transitions and Subjective Well-Being},
	booktitle = {Lifecycle Events and Their Consequences: Job Loss, Family Change, and Declines in Health},
	year = {2013},
	pages = {76-96},
	publisher = {Stanford University Press},
	organization = {Stanford University Press},
	address = {Stanford, CA},
	abstract = {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{\textquoteright}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.},
	keywords = {Employment and Labor Force, Expectations, Other},
	author = {Ariel Kalil and Thomas DeLeire},
	editor = {Kenneth A. Couch and Mary C. Daly and Julie M Zissimopoulos}
}
