Can workers’ increased pessimism about the labor market conditions raise unemployment?

نویسندگان

چکیده

As there is extensive survey evidence on persistent heterogeneity in unemployment expectations across workers, it a reasonable premise that the expected cost of job loss and resulting provision effort are similarly heterogeneous workers. Based such premise, paper shows significant positive correlation between pessimistic actual which consistently observed with household data can arise novel expectations-augmented efficiency wage modelling labor market through composition effect.

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ژورنال

عنوان ژورنال: International Review of Economics & Finance

سال: 2021

ISSN: ['1059-0560', '1873-8036']

DOI: https://doi.org/10.1016/j.iref.2020.10.024