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Biased expectations and labor market outcomes : evidence from German survey data and implications for the East-West wage gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
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 …
Persistent link: https://www.econbiz.de/10014247564
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Biased expectations and labor market outcomes : evidence from German survey data and implications for the East-West wage gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2024
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 …
Persistent link: https://www.econbiz.de/10014466945
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Biased Expectations and Labor Market Outcomes: Evidence from German Survey Data and Implications for the East-West Wage Gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
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 …
Persistent link: https://www.econbiz.de/10014290246
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Labor market news and expectations about jobs & earnings
Schmidpeter, Bernhard - 2023
. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They …
Persistent link: https://www.econbiz.de/10014512366
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Labor market news and expectations about jobs & earnings
Schmidpeter, Bernhard - 2023
. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They …
Persistent link: https://www.econbiz.de/10014394219
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Labor market news and expectations about jobs & earnings
Schmidpeter, Bernhard - 2023
. This suggests that firms and workers bargain frequently over wages, even in the absence of an outside job offer. Moreover … Foxconn's publicly announced wages. Investigating whether individuals act on their updated beliefs, I find evidence that …
Persistent link: https://www.econbiz.de/10014384382
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Reservation wages and the wage flexibility puzzle
Koenig, Felix; Manning, Alan; Petrongolo, Barbara - 2016
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …
Persistent link: https://www.econbiz.de/10011452214
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Labor market risk in Germany
Krebs, Tom; Yao, Yao - 2016
This paper uses annual data drawn from the GSOEP to estimate individual earnings risk (labor market risk) in Germany for the period 1983-2012. The econometric specification of the earnings process allows for transitory shocks and permanent shocks to individual earnings. We find that both the...
Persistent link: https://www.econbiz.de/10011457321
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Biased wage expectations and female labor supply
Blesch, Maximilian; Eisenhauer, Philipp; Haan, Peter; … - 2023
Wage growth occurs almost exclusively in full-time work, whereas it is close to zero in part-time work. German women, when asked to predict their own potential wage outcomes, show severely biased expectations with strong over-optimism about the returns to part-time experience. We estimate a...
Persistent link: https://www.econbiz.de/10014495723
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Long-run expectations of households
Breunig, Christoph; Grabova, Iuliia; Haan, Peter; … - In: Journal of Behavioral and Experimental Finance 31 (2021), pp. --
The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes that all actions are in line with a well-structured and unbiased system of expectations. In reality, justification and identification of expectations are nontrivial, and we lack empirical...
Persistent link: https://www.econbiz.de/10014307575