Arbeitspapier
Great Expectations: Past Wages and Unemployment Durations
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 infuence 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 1009
- Klassifikation
-
Wirtschaft
- Thema
-
Unemployment
Job Search
Overconfidence
Lohnstruktur
Lohnbildung
Anspruchslohn
Arbeitslosigkeit
Dauer
Österreich
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Böheim, René
Horvath, Gerard Thomas
Winter-Ebmer, Rudolf
- Ereignis
-
Veröffentlichung
- (wer)
-
Johannes Kepler University of Linz, Department of Economics
- (wo)
-
Linz
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Böheim, René
- Horvath, Gerard Thomas
- Winter-Ebmer, Rudolf
- Johannes Kepler University of Linz, Department of Economics
Entstanden
- 2010
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