Journal article
Job loss and depression: The role of subjective expectations
Social science & medicine (1982), Vol.72(4), pp.576-583
2011
Handle:
https://hdl.handle.net/2376/113560
PMCID: PMC3684950
PMID: 21183267
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.
► We examined whether subjective expectations regarding future job displacements influence the impact of actual job loss on mental health. ► We use survey data from the US Health and Retirement Study. ► Subjective expectations are as significant predictors of depression as job loss itself among older workers.
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Details
- Title
- Job loss and depression: The role of subjective expectations
- Creators
- Bidisha Mandal - Washington State University, School of Economic Sciences, PO Box 646210, 103F Hulbert Hall, Pullman, WA 99164, USAPadmaja Ayyagari - Yale University, New Haven, CT, USAWilliam T Gallo - City University of New York, NY, USA
- Publication Details
- Social science & medicine (1982), Vol.72(4), pp.576-583
- Academic Unit
- Economic Sciences, School of
- Publisher
- Elsevier Ltd
- Identifiers
- 99900547434401842
- Language
- English
- Resource Type
- Journal article