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  1. Do extraversion and neuroticism pay off?
    towards an integrated model of personality effects on obtained, expected and accepted wages
    Autor*in: Böhm-Fischer, Annina; Fuchs, B. Frederik
    Erschienen: 2021
    Verlag:  Alice Salomon Hochschule Berlin, Berlin

    Connections of personality and career success factors like obtained wages are well documented. Important cognitive wage-related outcomes such as wage expectations or the acceptance wage, i.e., the minimum acceptable wage for individuals to take on a... mehr

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    Standort:
    Evangelische Hochschule Freiburg, Hochschulbibliothek
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe

     

    Connections of personality and career success factors like obtained wages are well documented. Important cognitive wage-related outcomes such as wage expectations or the acceptance wage, i.e., the minimum acceptable wage for individuals to take on a job, are neglected by empirical research. This study proposes an integrated theoretical framework of personality effects on obtained, expected, and accepted wages. We empirically test this framework using the German PASS survey data (N = 5.636) of working age that contains personality measures as well as wage measures. We replicate previous studies that showed direct effects of extraversion and neuroticism on obtained wages. Extending this causal chain to expected and accepted wages, we demonstrate that both personality traits are associated with expected and accepted wages trough an indirect effect via obtained wages. For extraversion, however not for neuroticism, we show that even when controlling for obtained wage, a direct effect of this personality trait on expected and accepted wages prevails. We discuss the results in terms of relationships of personality to exaggerated wage expectations and extraversion.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Auflage/Ausgabe: This version: December 9, 2021
    Schlagworte: acceptance wage; career success; extraversion; neuroticism; obtained wage; personality; wage expectations
    Umfang: 1 Online-Ressource (circa 23 Seiten)
  2. What wages do people expect for vocational and academic education backgrounds in Switzerland?
    Autor*in: Cattaneo, Maria Alejandra
    Erschienen: October 2022
    Verlag:  Universität Zürich, IBW - Institut für Betriebswirtschaftslehre, Zürich

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 588
    Fernleihe:
    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Swiss Leading House ; no. 197
    Schlagworte: wage expectations; educational preferences; biased beliefs
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  3. Causal misperceptions of the part-time pay gap
    Autor*in: Schrenker, Annekatrin
    Erschienen: [2023]
    Verlag:  [Berlin School of Economics], [Berlin]

    This paper studies if workers infer from correlation about causal effects in the context of the part-time wage penalty. Differences in hourly pay between full-time and part-time workers are strongly driven by worker selection and systematic sorting.... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 840
    Fernleihe:
    keine Fernleihe

     

    This paper studies if workers infer from correlation about causal effects in the context of the part-time wage penalty. Differences in hourly pay between full-time and part-time workers are strongly driven by worker selection and systematic sorting. Ignoring these selection effects can lead to biased expectations about the consequences of working part-time on wages ('selection neglect bias'). Based on representative survey data from Germany, I document substantial misperceptions of the part-time wage gap. Workers strongly overestimate how much part-time workers in their occupation earn per hour, whereas they are approximately informed of mean full-time wage rates. Consistent with selection neglect, those who perceive large hourly pay differences between full-time and part-time workers also predict large changes in hourly wages when a given worker switches between full-time and part-time employment. Causal analyses using a survey experiment reveal that providing information about the raw part-time pay gap increases expectations about the full-time wage premium by factor 1.7, suggesting that individuals draw causal conclusions from observed correlations. De-biasing respondents by informing them about the influence of worker characteristics on observed pay gaps mitigates selection neglect. Subjective beliefs about the part-time/full-time wage gap are predictive of planned and actual transitions between full-time and part-time employment, necessitating the prevention of causal misperceptions.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
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    Schriftenreihe: Discussion paper / Berlin School of Economics ; #10 (January 2023)
    Schlagworte: part-time pay gap; wage expectations; selection neglect; causal misperceptions
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  4. Gender gaps in early wage expectations
    Autor*in: Leibing, Andreas; Peter, Frauke; Waights, Sevrin; Spieß, C. Katharina
    Erschienen: May 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Using detailed data from a unique survey of high school graduates in Germany, we document a gender gap in expected full-time earnings of more than 15%. We apply a regression-compatible Oaxaca-Blinder decomposition and find that especially differences... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4
    Fernleihe:
    keine Fernleihe

     

    Using detailed data from a unique survey of high school graduates in Germany, we document a gender gap in expected full-time earnings of more than 15%. We apply a regression-compatible Oaxaca-Blinder decomposition and find that especially differences in coefficients help explain the gap. In particular, the effects of having time for family as career motive and being first-generation college student are associated with large penalties in female wage expectations exclusively. This is especially true for higher expected career paths. Resulting expected returns to education are associated with college enrollment of women and could thus entrench subsequent gaps in realized earnings.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/263497
    Schriftenreihe: Discussion paper series / IZA ; no. 15281
    Schlagworte: wage expectations; gender gap; college enrollment
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  5. Causal misperceptions of the part-time pay gap
    Autor*in: Schrenker, Annekatrin
    Erschienen: 2023
    Verlag:  DIW Berlin, German Institute for Economic Research, Berlin

    This paper studies if workers infer from correlation about causal effects in the context of the part-time wage penalty. Differences in hourly pay between full-time and part-time workers are strongly driven by worker selection and systematic sorting.... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 14
    Fernleihe:
    keine Fernleihe

     

    This paper studies if workers infer from correlation about causal effects in the context of the part-time wage penalty. Differences in hourly pay between full-time and part-time workers are strongly driven by worker selection and systematic sorting. Ignoring these selection effects can lead to biased expectations about the consequences of working part-time on wages (’selection neglect bias’). Based on representative survey data from Germany, I document substantial misperceptions of the part-time wage gap. Workers strongly overestimate how much part-time workers in their occupation earn per hour, whereas they are approximately informed of mean full-time wage rates. Consistent with selection neglect, those who perceive large hourly pay differences between full-time and part-time workers also predict large changes in hourly wages when a given worker switches between full-time and part-time employment. Causal analyses using a survey experiment reveal that providing information about the raw part-time pay gap increases expectations about the full-time wage premium by factor 1.7, suggesting that individuals draw causal conclusions from observed correlations. De-biasing respondents by informing them about the influence of worker characteristics on observed pay gaps mitigates selection neglect. Subjective beliefs about the part-time/full-time wage gap are predictive of planned and actual transitions between full-time and part-time employment, necessitating the prevention of causal misperceptions.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/268723
    Schriftenreihe: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2031
    Schlagworte: part-time pay gap; wage expectations; selection neglect; causal misperceptions
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  6. Gender differences in wage expectations and negotiation
    Autor*in: Kiessling, Lukas; Pinger, Pia; Seegers, Philipp; Bergerhoff, Jan
    Erschienen: December 2023
    Verlag:  CESifo, Munich, Germany

    This paper presents evidence from a large-scale study on gender differences in expected wages before labor market entry. Based on data for over 15,000 students, we document a significant and large gender gap in wage expectations that resembles actual... mehr

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    Verlag (kostenfrei)
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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
    Fernleihe:
    keine Fernleihe

     

    This paper presents evidence from a large-scale study on gender differences in expected wages before labor market entry. Based on data for over 15,000 students, we document a significant and large gender gap in wage expectations that resembles actual wage differences, prevails across subgroups, and along the entire distribution. Over the life-cycle this gap amounts to roughly half a million Euros. Our findings further suggest that expected wages relate to expected asking and reservation wages and that a difference in plans about "boldness" during prospective wage negotiations pertains to gender difference in expected and actual wages. Given the importance of wage expectations for labor market decisions, household bargaining, and wage setting, our results provide an explanation for persistent gender inequalities.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/282526
    Schriftenreihe: CESifo working papers ; 10838 (2023)
    Schlagworte: wage expectations; gender gap; negotiations
    Umfang: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  7. Labor market news and expectations about jobs & earnings
    Autor*in: Schmidpeter, Bernhard
    Erschienen: October 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn’s unexpected announcement to build a manufacturing plant in... mehr

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4
    Fernleihe:
    keine Fernleihe

     

    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn’s unexpected announcement to build a manufacturing plant in Racine County. Exposure to positive news leads to an increase in expected salary growth at the current firm. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They act on their updated beliefs with a small increase in current consumption. Negative news from a scaled-down plan leads to a revision of expectations back toward baseline.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/282651
    Schriftenreihe: Discussion paper series / IZA ; no. 16524
    Schlagworte: beliefs formation; wage expectations; outside options; consumption
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  8. Labor market news and expectations about jobs & earnings
    Autor*in: Schmidpeter, Bernhard
    Erschienen: 2023
    Verlag:  RWI - Leibniz-Institut für Wirtschaftsforschung, Essen, Germany

    I show that workers update expectations about job search and salary growth when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn's announcement to build a large production plant in Racine County,... mehr

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 10
    Fernleihe:
    keine Fernleihe

     

    I show that workers update expectations about job search and salary growth when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn's announcement to build a large production plant in Racine County, Wisconsin. Exposure to positive news leads to an increase in expected salary growth at the current firm, with no discernible differences between workers who are optimistic about receiving any outside offer in the future and those who are not. This suggests that firms and workers bargain frequently over wages, even in the absence of an outside job offer. Moreover, I find that individuals revise their expectations about potential outside wage offers upward, anchoring their beliefs in Foxconn's publicly announced wages. Investigating whether individuals act on their updated beliefs, I find evidence that exposure to the news leads to a small increase in current consumption. Using Foxconn's later announcement of a scaled down version of the initial investment plan, I find that individuals revise their expectations back toward baseline.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783969731994
    Weitere Identifier:
    hdl: 10419/279546
    Schriftenreihe: Ruhr economic papers ; #1030
    Schlagworte: Beliefs formation; wage expectations; outside options; consumption
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
    Bemerkung(en):

    Richtiger Name des Verfassers: Bernhard Schmidpeter
  9. Causal misperceptions of the part-time pay gap
    Autor*in: Schrenker, Annekatrin
    Erschienen: [2023]
    Verlag:  Collaborative Research Center Transregio 190, [München]

    This paper studies if workers infer from correlation about causal effects in the context of the part-time wage penalty. Differences in hourly pay between full-time and part-time workers are strongly driven by worker selection and systematic sorting.... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 553
    Fernleihe:
    keine Fernleihe

     

    This paper studies if workers infer from correlation about causal effects in the context of the part-time wage penalty. Differences in hourly pay between full-time and part-time workers are strongly driven by worker selection and systematic sorting. Ignoring these selection effects can lead to biased expectations about the consequences of working part-time on wages ('selection neglect bias'). Based on representative survey data from Germany, I document substantial misperceptions of the part-time wage gap. Workers strongly overestimate how much part-time workers in their occupation earn per hour, whereas they are approximately informed of mean full-time wage rates. Consistent with selection neglect, those who perceive large hourly pay differences between full-time and part-time workers also predict large changes in hourly wages when a given worker switches between full-time and part-time employment. Causal analyses using a survey experiment reveal that providing information about the raw part-time pay gap increases expectations about the full-time wage premium by factor 1.7, suggesting that individuals draw causal conclusions from observed correlations. De-biasing respondents by informing them about the influence of worker characteristics on observed pay gaps mitigates selection neglect. Subjective beliefs about the part-time/full-time wage gap are predictive of planned and actual transitions between full-time and part-time employment, necessitating the prevention of causal misperceptions.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/282064
    Schriftenreihe: Discussion paper / Rationality & Competition, CRC TRR 190 ; no. 372 (January 23, 2023)
    Schlagworte: part-time pay gap; wage expectations; selection neglect; causal misperceptions
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  10. Labor market news and expectations about jobs & earnings
    Autor*in: Schmidpeter, Bernhard
    Erschienen: [2023]
    Verlag:  Department of Economics, Johannes Kepler University of Linz, Linz-Auhof, Austria

    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn's unexpected announcement to build a manufacturing plant in... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 398
    Fernleihe:
    keine Fernleihe

     

    Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn's unexpected announcement to build a manufacturing plant in Racine County. Exposure to positive news leads to an increase in expected salary growth at the current firm. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They act on their updated beliefs with a small increase in current consumption. Negative news from a scaled-down plan leads to a revision of expectations back toward baseline.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/289849
    Schriftenreihe: Working paper / Department of Economics, Johannes Kepler University of Linz ; no. 2314 (October 2023)
    Schlagworte: beliefs formation; wage expectations; outside options; consumption
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen