This chapter reviews how expectations data can inform theories of the labor market and job
search. The main focus of the chapter is on expectations data regarding outcomes of the job …

Standard labor market models assume that workers hold accurate beliefs about the external
wage distribution, and hence their outside options with other employers. We test this …

Countries around the world are enacting pay transparency policies to combat pay
discrimination. Since 2000, 71 percent of OECD countries have done so. Most are enacting …

This chapter reviews how worker overconfidence affects labor markets. Evidence from
psychology and economics shows that in many situations, most people tend to overestimate …

We propose a three-step factor-flows simulation-based approach to forecast the duration
distribution of unemployment. Step 1: estimate individual transition hazards across …

How does unemployment insurance (UI) affect unemployed workers' search behavior?
Search models predict that until benefit exhaustion, UI depresses job search effort and …

We provide comprehensive evidence on the consequences of automation risk on the career
of unemployed workers and the mitigating role of labor market training. Using almost two …

It is often argued that people might take on too much high-cost debt because they are
present focused and/or over-optimistic about how soon they will repay. We measure …

Using subjective expectations data from the New York Fed's Survey of Consumer
Expectations (SCE), we estimate the elasticity of intertemporal substitution (EIS)—the …

Youth unemployment remains extremely high throughout the develo** world, at times
coexisting with unmet demand for labour and high job turnover. We examine one possible …