 Effects of positive attitude and optimism on employment: Evidence from the US dataMadhu Sudan Mohanty Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2010, vol. 39, issue 2, 258-270 Abstract: Using samples from the National Longitudinal Survey of Youth (NLSY) and following a bivariate probit approach, the current study estimates the worker's employment probability equations in both cross-sectional and panel data frameworks. The study demonstrates that the employment of the worker, which depends on both the worker's labor market participation decision and the employer's hiring decision, is determined partly by the positive and optimistic attitude of the worker. The effects of these attitude variables on both decisions are even larger than the effects of standard human capital variables. The study further demonstrates that the attitude variables affect employment probabilities of men and women differently because their effects on participation and hiring decisions are different. Keywords: Positive; attitude; Optimism; Psychological; value; capital; Bivariate; decision; Partial; observability (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:39:y:2010:i:2:p:258-270 Access Statistics for this article Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Pablo Brañas Garza More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier |
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