'CHOOSE TO BE OPTIMISTIC, IT FEELS BETTER?'ￂ EVIDENCE OF OPTIMISM ON EMPLOYMENT UTILITY

'CHOOSE TO BE OPTIMISTIC, IT FEELS BETTER?'ￂ EVIDENCE OF OPTIMISM ON EMPLOYMENT UTILITY

Individual's expected wages exceed predicted market wages. Rational expectations imply the divergence should be zero. If individuals over-estimate the return from their attributes and view the paid-employment return distribution too favourably, then conditional on market wages, subsequent emplo...

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Veröffentlicht in:Bulletin of economic research 2017-10, Vol.69 (4), p.428
Hauptverfasser: Dawson, Chris, Hinks, Tim, Veliziotis, Michail
Format: Artikel
Sprache:eng
Schlagworte:
Compensation
Disappointment
Employment
Optimism
Rational expectations
Wage & salary administration
Wages & salaries
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Zusammenfassung:Individual's expected wages exceed predicted market wages. Rational expectations imply the divergence should be zero. If individuals over-estimate the return from their attributes and view the paid-employment return distribution too favourably, then conditional on market wages, subsequent employment utility is likely to be low through disappointment.
ISSN:0307-3378
1467-8586
DOI:10.1111/boer.12107