Micro Level Study on Psychological Impact of Unemployment

Abstract

This research attempts to demonstrate how unemployment has negative effects on an individual‟s wellbeing and psychology which leads to disabling the capabilities of a person to regain the employment stamina. Further explaining of the paper mentioned how deleterious effect and results outcome from long term unemployment interlinking mental illness. In fact, with increased rate of youth unemployment can definitely lead to country‟s disruption in the economic cycle. The study also searched for advance knowledge based on the understanding of the two variables determining each other‟s growth rate. The economic predicament is expected to create psychological disruption within a short span of time, i.e alcoholic, suicide, depression, crime, stress etc. However, effects of mental illness reduction policy have been discussed causing further increased social welfare and other government policy measures. The current research additionally aimed at determining the linkage between optimistic minds, job-seeking strength, coping mechanism to built-in psychological significance with that of unemployment. Therefore in order to gain clarity and transparency as far possible the paper carried out battery of questionnaires that examined, together creating results to acknowledge psychological reasoning of continual battling of unemployment.