Most people spend a considerable part of their adult lives working. The job plays an important role in forming the self-image and it is often used to evaluate oneself and others. Asking about someone’s profession is usually one of the first questions that comes up when meeting a new person.
Taking this into consideration, no one can deny that losing a job must have a detrimental influence on a person’s life. According to Clark and Oswald (1994) the impact of becoming unemployed may even have a larger effect on a person’s well-being than other single major life events such as divorce or separation. This theory is supported by Young (2012) who also elaborates that the negative effect of losing a job doesn’t go away directly after reemployment, but rather stays for a longer time like a mental scar. The adverse impact on our well-being is not only related to the sudden loss of income, but also to the stigma itself that occurs with unemployment (Björklund, 1985).