Unemployment and subjective wellbeing in the island economy of Lakshadweep

There have been only few studies on how unemployment affects the educated young people, even so the review gives us great deal of insight in to the negative effects of unemployment. Generalized causes and consequences may not be true for the studies in different location with different socio economic conditions. The present study examines the effect of unemployment on subjective wellbeing of unemployed in island economy of Lakshadweep. Besides, this paper reviews the concept of subjective wellbeing in the existing literature. There are ongoing studies on how the long term unemployment affects the lives of unemployed youth, get move on through material to internal loss, specially ringed with their wellbeing loss. Typically, wellbeing is used to designate the quality of life or quality of standard of living. So in this sense wellbeing bracket with material welfare and it is totally personal. The study showed that unemployed depend on greatly an intra-persisted approach mode in their attempt to cope with their circumstances. Unemployment is more harmful to the psychological wellbeing of those who are professionally educated. Ramya (2018) made an attempt to study social psychological problem faced by unemployed and underemployed in Nyishi tribal youth of Arunachal Pradesh. At the same time, whether this high level of satisfaction has any externality in the period of job search, job migration and new initiatives in business ventures among the island unemployed youth should scrutinize for further study. Thus subjective wellbeing is person's evaluation of his or her life. This valuation can be in terms of cognitive states such as satisfaction with one's marriage, work, and life, and it can be in terms of ongoing affect like unemployment (i.e., the presence of positive emotions and moods, and the absence of unpleasant affect).