| Full text | |
| Author(s): |
Total Authors: 2
|
| Affiliation: | [1] Univ Fed Santa Catarina, Dept Econ & Int Relat, Florianopolis, SC - Brazil
[2] Univ Sao Paulo, Dept Econ, Sao Paulo - Brazil
Total Affiliations: 2
|
| Document type: | Journal article |
| Source: | INTERNATIONAL REVIEW OF ECONOMICS & FINANCE; v. 72, p. 125-134, MAR 2021. |
| Web of Science Citations: | 0 |
| Abstract | |
As there is extensive survey evidence on persistent heterogeneity in unemployment expectations across workers, it is a reasonable premise that the expected cost of job loss and the resulting provision of effort on the job are similarly heterogeneous across workers. Based on such a premise, the paper shows that the significant positive correlation between pessimistic unemployment expectations and actual unemployment which is consistently observed with household survey data can arise in a novel heterogeneous expectations-augmented efficiency wage modelling of the labor market through a composition effect. (AU) | |
| FAPESP's process: | 19/03148-5 - Productive capacity utilization, economic growth and functional distribution of income in the presence of behavioral heterogeneities and patterns of interaction among agents |
| Grantee: | Gilberto Tadeu Lima |
| Support Opportunities: | Research Grants - Visiting Researcher Grant - Brazil |