Unemployment and Depression: Investigating the Pathway with Latent Deprivation and Economic Deprivation Theories
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,