Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/282103 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
Discussion Paper No. 411
Verlag: 
Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition, München und Berlin
Zusammenfassung: 
Wage growth occurs almost exclusively in full-time work, whereas it is close to zero in part-time work. German women, when asked to predict their own potential wage outcomes, show severely biased expectations with strong over-optimism about the returns to part-time experience. We estimate a structural life-cycle model to quantify how beliefs influence labor supply, earnings and welfare over the life cycle. The bias increases part-time employment strongly, induces flatter long-run wage profiles, and substantially influences the employment effects of a widely discussed policy reform, the introduction of joint taxation. The most significant impact of the bias appears for college-educated women.
Schlagwörter: 
returns to experience
biased beliefs
part-time work
dynamic life-cycle models
JEL: 
D63
H23
I24
I38
J22
J31
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.59 MB





Publikationen in EconStor sind urheberrechtlich geschützt.