文章基本信息

标题：Misperceptions of unemployment and individual labor market outcomes
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作者：Ana Rute Cardoso ; Annalisa Loviglio ; Lavinia Piemontese 等
期刊名称：IZA Journal of Labor Policy
电子版ISSN：2193-9004
出版年度：2016
卷号：5
期号：1
页码：1-22
DOI：10.1186/s40173-016-0069-6
出版社：Springer Verlag
摘要：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.
关键词：Wage dispersion; Labor market tightness; Perceptions