https://hotair.com/headlines/archives/2013/01/09/the-psychological-and-cultural-toll-of-high-unemployment/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 14:29:48 -0400<![CDATA[Both longitudinal and cross-section evidence suggests that the drop in individual happiness associated with unemployment is smaller in countries and regions where the average unemployment rate is high. In other words, massive and persistently high local unemployment seems to take some of the sting out of being unemployed. In a low-unemployment environment, the unemployed may feel more isolated in their suffering. If unemployment is more widespread, more peers may share an unemployed worker&#8217;s pain, lessening the psychological burden of living without paid work. For some of the unemployed, one side effect of the reduced psychological burden is that they devote less effort to finding another job. When reduced job-search effort results in slower re-employment, high joblessness can become to some degree self-perpetuating.]]>Wed, 09 Jan 2013 22:40:00 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2013/01/09/the-psychological-and-cultural-toll-of-high-unemployment-n99080