The unhappily unemployed return to work faster

Table 13 Likelihood of an Unemployment Spell Ending in a Return to Employment. Probit

	(1)	(2)	(3)	(4)
	Return to Emp	Return to Emp	Return to Emp	Return to Emp
Δ H a p			-0.0131
			(0.0100)
Loss				0.0304
				(0.0808)
Men	0.611***	0.603***	0.602***	0.604***
	(0.0791)	(0.0838)	(0.0839)	(0.0839)
Ed: Medium	0.0216	-0.0467	-0.0490	-0.0475
	(0.0927)	(0.0952)	(0.0952)	(0.0952)
Ed: High	0.335***	0.200*	0.200*	0.200*
	(0.105)	(0.111)	(0.111)	(0.111)
Age	0.109***	0.114***	0.114***	0.114***
	(0.0253)	(0.0259)	(0.0259)	(0.0259)
Separated	0.296**	0.376***	0.372***	0.376***
	(0.121)	(0.126)	(0.126)	(0.126)
Never Married	0.310**	0.395***	0.391***	0.394***
	(0.123)	(0.125)	(0.126)	(0.125)
Constant	-1.772***	-2.404***	-2.395***	-2.418***
	(0.518)	(0.597)	(0.596)	(0.600)
Observations	1,338	1,334	1,334	1,334
Individual Controls	Yes	Yes	Yes	Yes
Household Controls	Yes	Yes	Yes	Yes
Income	No	Yes	Yes	Yes
Region Dummies	No	Yes	Yes	Yes

Standard errors in parentheses. ***p <0.01, **p <0.05, *p <0.1.
Loss is a dummy = 1 when an individual reports a loss of happiness upon losing his job.
Δ Hap measures the initial change in happiness when becoming unemployed. Given that most observations of Diff-hap are negative, the results have to be interpreted as follows: if happier about losing a job, then one spends more time in unemployment.