THE PSYCHOLOGICAL EFFECTS OF UNEMPLOYMENT
 
Makri-Botsari, E., University of Athens and Megari, E., Municipality of Aigion, Greece
 
The aim of this cross-sectional study was to examine the mental health consequences of unemployment. As indices of psychological well-being were used self-esteem, anxiety, depression, loneliness, and life satisfaction. The hypotheses of the study were tested in a sample of 150 unemployed and 149 employed adults. The findings of the study show that on average unemployment has a negative impact on the psychological well-being of the unemployed. Specifically the unemployed people experience higher rates of depressive symptomatology, are less satisfied with their life, and report lower levels of self-esteem than the employed comparison group. Moreover, the results of the study show that the impact of unemployment on psychological well-being is influenced by demographic attributes, such as gender, age, marital status, education level, and long-term unemployment. The statistically significant interactions, which were obtained, offer the platform for a culturally interesting interpretation.