Workers’ Perceptions of Earnings Growth and Employment Risk
Gizem Koşar and
Wilbert van der Klaauw
Journal of Labor Economics, 2025, vol. 43, issue S1, S83 - S121
Abstract:
In addition to realized earnings and employment shocks, forward-looking individuals are presumed to condition their consumption and labor supply decisions on their subjective beliefs about future labor market risks. This paper uses rich panel data to document considerable individual heterogeneity in earnings growth expectations and in the perceived likelihood of voluntary and involuntary job exits. We examine how expectations evolve over the working life and business cycle and how they covary with macroeconomic expectations and personal experiences. While largely consistent with patterns in realized outcomes, our findings highlight the unanticipated nature of the pandemic recession and the ensuing resignation wave.
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
http://dx.doi.org/10.1086/734088 (application/pdf)
http://dx.doi.org/10.1086/734088 (text/html)
Access to the online full text or PDF requires a subscription.
Related works:
Working Paper: Workers’ Perceptions of Earnings Growth and Employment Risk (2023) 
Working Paper: Workers’ Perceptions of Earnings Growth and Employment Risk (2023) 
Working Paper: Workers' Perceptions of Earnings Growth and Employment Risk (2023) 
Working Paper: Workers' Perceptions of Earnings Growth and Employment Risk (2023) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlabec:doi:10.1086/734088
Access Statistics for this article
More articles in Journal of Labor Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().