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
Geistige Schöpfung
(wer)
Emmler, Julian
Fitzenberger, Bernd
Ereignis
Veröffentlichung
(wer)
Institut für Arbeitsmarkt- und Berufsforschung (IAB)
(wo)
Nürnberg
(wann)
2021

Handle
Letzte Aktualisierung
10.03.2025, 11:43 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.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Emmler, Julian
  • Fitzenberger, Bernd
  • Institut für Arbeitsmarkt- und Berufsforschung (IAB)

Entstanden

  • 2021

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