THE ROLE OF SOCIAL WORK NORMS IN JOB SEARCHING AND SUBJECTIVE WELL‐BEING | Zendy

Stutzer Alois | Zendy; Lalive Rafael | Zendy

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THE ROLE OF SOCIAL WORK NORMS IN JOB SEARCHING AND SUBJECTIVE WELL‐BEING

Author(s) -

Stutzer Alois,

Lalive Rafael

Publication year - 2004

Publication title -

journal of the european economic association

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 7.792

H-Index - 93

eISSN - 1542-4774

pISSN - 1542-4766

DOI - 10.1162/1542476041423331

Subject(s) - norm (philosophy) , nonmarket forces , job satisfaction , work (physics) , social pressure , life satisfaction , economics , social psychology , psychology , microeconomics , political science , mechanical engineering , engineering , factor market , law

Social norms are usually neglected in economics, because they are to a large extent enforced through nonmarket interactions and difficult to isolate empirically. In this paper, we offer a direct measure of the social norm to work and we show that this norm has important economic effects. The stronger the norm, the more quickly unemployed people find a new job. This behavior can be explained by utility differences, probably due to social pressure. Unemployed people are significantly less happy than employed people and their reduction in life satisfaction is the larger, the stronger the norm is. (JEL: I31, J64)

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