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Título: | Misperceptions of unemployment and individual labor market outcomes |
Autor: | Cardoso, Ana Rute CSIC ORCID ; Loviglio, Annalisa; Piemontese, Lavinia | Palabras clave: | Wage dispersion Labor market tightness Perceptions |
Fecha de publicación: | 12-jul-2016 | Editor: | Springer Nature | Citación: | IZA Journal of Labor Policy 5: 13 (2016) | Resumen: | We analyze the impact of misperceptions of the unemployment rate on individual wages, using the European Social Survey. We follow a threefold strategy to tackle potential endogeneity problems, as the model includes the following: controls for worker’s ability, the regional unemployment rate, and country fixed effects. We estimate interval regression models. When subjective perceptions overstate the country unemployment rate, a one percentage point gap between the perceived and the actual rates reduces wages by 0.4 to 0.7 %. We discuss a potential mechanism. A pessimistic view of the labor market leads to concern over own employment prospects, lowering perceived bargaining power and reservation wages. | Versión del editor: | https://doi.org/10.1186/s40173-016-0069-6 | URI: | http://hdl.handle.net/10261/175208 | DOI: | 10.1186/s40173-016-0069-6 | E-ISSN: | 2193-9004 |
Aparece en las colecciones: | (IAE) Artículos |
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Misperceptions_Cardoso.pdf | 618,08 kB | Adobe PDF | Visualizar/Abrir |
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