Arbeitspapier
Temporary overpessimism: Job loss expectations following a large negative employment shock
Job loss expectations were widespread among workers in East Germany aftfter reunification with West Germany. Though experiencing a large negative employment shock, East German workers were still overpessimistic immediately aftfter reunification with respect to their job risk. Over time, job loss expectations fell and converged to West German levels, which was driven by a stabilizing economic environment and by an adaptation of the interpretation of economic signals with workers learning to distinguish individual risk from firm level risk. In fact, conditional on actual job loss risk, East German workers quickly caught up to West Germans regarding the accuracy of job loss expectations.
- Sprache
-
Englisch
- Erschienen in
-
Series: IAB-Discussion Paper ; No. 5/2021
- Klassifikation
-
Wirtschaft
Expectations; Speculations
Unemployment: Models, Duration, Incidence, and Job Search
Labor Turnover; Vacancies; Layoffs
Socialist Systems and Transitional Economies: General
- Thema
-
job loss
expectations
transition economies
- Ereignis
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Geistige Schöpfung
- (wer)
-
Emmler, Julian
Fitzenberger, Bernd
- Ereignis
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Veröffentlichung
- (wer)
-
Institut für Arbeitsmarkt- und Berufsforschung (IAB)
- (wo)
-
Nürnberg
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Emmler, Julian
- Fitzenberger, Bernd
- Institut für Arbeitsmarkt- und Berufsforschung (IAB)
Entstanden
- 2021