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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 …
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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 …
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Wage growth is stronger in larger cities, but this relationship holds exclusively for non-manual workers. Using rich German administrative data, I study the heterogeneity in the pecuniary value of big city experience, a measure of dynamic agglomeration economies, and its consequences for the...
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