expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …

expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …

In an evaluation of a job-training program, the influence of the program on the in-dividual wages is important, because … it reflects the program effect on human capital. Esti-mating these effects is complicated because we observe wages only … program, we find that a considerable improvement of the long-run potential wages of its participants. -- Bounds ; treatment …