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    Distress During Unemployment: The Role of Unemployment Insurance

    Cover for Distress During Unemployment: The Role of Unemployment Insurance
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    View/Open: Epstein_georgetown_0076M_12154.pdf (586kB) Bookview

    Creator
    Epstein, Zachary Aaron
    Advisor
    Ay, Gurkan
    Abstract
    Models of utility maximization posit that individuals with more income are able to purchase goods and services so as to attain higher levels of utility. Existing literature has conceptualized measures of psychological well-being as related to individual utility. Recognizing that unemployment has been shown to negatively impact well-being, I examine the role that unemployment insurance during unemployment plays in determining an individual's self-reported levels of nonspecific psychological distress. I test whether transitions into and out of unemployment affect symptoms of distress and whether financial support available through unemployment insurance is associated with reduced distress. I hypothesize that unemployment insurance provides individuals and families with larger budget constraints, allowing for higher utility maximization and reduced distress. In my model, becoming unemployed significantly increases the likelihood that an individual will experience an increase in psychological distress, and transitions into employment from unemployment are associated with a significant reduction in psychological distress. However, I find little evidence in support of the hypothesis that receipt of unemployment insurance significantly moderates that impact of unemployment.
    Description
    M.P.P.
    Permanent Link
    http://hdl.handle.net/10822/558598
    Date Published
    2013
    Subject
    Depression; Distress; Unemployment; Unemployment Insurance; Well-Being; Public policy; Labor economics; Economics; Public policy; Economics, Labor; Economics;
    Type
    thesis
    Publisher
    Georgetown University
    Extent
    49 leaves
    Collections
    • Graduate Theses and Dissertations - Public Policy
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    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility