| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7974 |
| DP7974 Great Expectations: Past Wages and Unemployment Durations | |
| Rudolf Winter-Ebmer; René Böheim; Gerard Thomas Horvath | |
| 发表日期 | 2010-09-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Decomposing wages into worker and firm wage components, we find that firm-fixed components (firm rents) are sizeable parts of workers' wages. If workers can only imperfectly observe the extent of firm rents in their wages, they might be mislead about the overall wage distribution. Such misperceptions may lead to unjustified high reservation wages, resulting in overly long unemployment durations. We examine the influence of previous wages on unemployment durations for workers after exogenous lay-offs and, using Austrian administrative data, we find that younger workers are, in fact, unemployed longer if they profited from high firm rents in the past. We interpret our findings as evidence for overconfidence generated by imperfectly observed productivity. |
| 主题 | Labour Economics |
| 关键词 | Job search Overconfidence Unemployment |
| URL | https://cepr.org/publications/dp7974 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536811 |
| 推荐引用方式 GB/T 7714 | Rudolf Winter-Ebmer,René Böheim,Gerard Thomas Horvath. DP7974 Great Expectations: Past Wages and Unemployment Durations. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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