We examine the long‐term implications of unemployment for material conditions and well‐being using the Polish sample from the Survey of Health, Ageing and Retirement in Europe (SHARE). Retrospective data from the SHARELIFE survey are used to reconstruct labour market experiences across the threshold of the socio‐economic transformation from a centrally planned to a free market economy in Poland. These individual experiences are matched with outcomes observed in the survey about 20 years later to examine their correlation with unemployment at the time of the transition. We find that becoming unemployed in the early 1990s correlates significantly with income, assets and a number of measures of well‐being recorded in 2007 and 2012. Using plant closures to reflect exogenous changes to labour market status at the time of the transition, we are able to confirm the causal effect of unemployment on income and house ownership 20 years later, but find no evidence for a long‐term causal relationship between unemployment and such measures of well‐being as life satisfaction, depression and subjective assessment of material conditions.

中文翻译：

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被治疗震惊了吗？波兰社会经济转型的头几年的失业及其长期后果

我们使用《欧洲健康，老龄与退休调查》（SHARE）中的波兰样本研究了失业对物质条件和幸福的长期影响。SHARELIFE调查的回顾性数据用于在波兰从中央计划经济向自由市场经济过渡的社会经济转型的门槛上重建劳动力市场经验。这些个人经验与大约20年后的调查中观察到的结果相匹配，以检验它们与过渡时期的失业之间的相关性。我们发现，1990年代初失业与收入，资产和2007年和2012年记录的许多福利指标显着相关。利用工厂关闭来反映过渡时期劳动力市场状况的外生变化，