University of Edinburgh researchers found benefit levels had “no effect” on the well-being of those without a job. Researchers found some countries with the most generous benefits also had some of the most despondent unemployed citizens, and vice versa. The report suggested that cultural and demographic factors had a greater effect on life-satisfaction levels of the unemployed. Being jobless in a country with a proportionally older population and fewer people of working age had a greater negative impact on personal well-being than benefit levels. So too did high levels of inflation and income inequality, it suggested. Unemployment does not just result in a loss of income, but also a change in social position – that is perceived differently in different societies.
The article enlightens the psychological effects that unemployment has on an individual and how they are affected by this experience depending on their culture and demography. this simply means that its possible to be ‘OK’ with one’s unemployment condition because of where and in what manner they were raised (culturally speaking).