Unemployment And Depression: Investigating The Pathway With Latent Deprivation Andeconomic Deprivation Theories
Background: Unemployment is known to exacerbate depressive symptoms. Several theories explain the relation between labor market status and depression via physical and psychological pathways, with latent deprivation and economic deprivation theories being the most prominent among them. The purpose of the study is examining the mechanisms of both latent and economic deprivation models in South Korea population.
Method: The study sample is from the 2014 Korean Welfare Panel Study (KoWePS) dataset. Multiple mediation analyses and bootstrapping methods were used to analyze the differences in depressive symptoms among labor market statuses according to different levels of satisfaction of latent and economic functions.
Results: The employed group has significantly better mental health than the OLF group. The levels of satisfaction of all latent and economic functions among the employed were higher than those in the unemployed group. However, satisfaction with time structure and economic function were lower in the employed group compared to the OLF group.
Keywords - latent deprivation theory, economic deprivation theory, out of labor force group, unemployment, mediating effect