‘CHOOSE TO BE OPTIMISTIC,IT FEELS BETTER?’ EVIDENCE OF OPTIMISM ON EMPLOYMENT UTILITY |
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| Authors: | Chris Dawson Tim Hinks Michail Veliziotis |
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| Affiliation: | 1. School of Management, University of Bath, UK;2. Bristol Business School, University of West of England, UK;3. Southampton Business School, University of Southampton, UK |
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| Abstract: | Individual's expected wages exceed predicted market wages. Rational expectations imply the divergence should be zero. If individuals over‐estimate the return from their attributes and view the paid‐employment return distribution too favourably, then conditional on market wages, subsequent employment utility is likely to be low through disappointment. |
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| Keywords: | expectations employment utility optimism D84 J28 J64 |
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