Effects of positive attitude and optimism on employment: Evidence from the US data
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.
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Volume (Year): 39 (2010)
Issue (Month): 2 (April)
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- Goldsmith, Arthur H & Veum, Jonathan R & Darity, William, Jr, 1997. "The Impact of Psychological and Human Capital on Wages," Economic Inquiry, Western Economic Association International, vol. 35(4), pages 815-829, October.
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- Madhu S. Mohanty, 2003. "An Alternative Explanation for the Equality of Male and Female Unemployment Rates in the U.S. Labor Market in the Late 1980s," Eastern Economic Journal, Eastern Economic Association, vol. 29(1), pages 69-92, Winter.
- Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, Enero.
- Meng, Chun-Lo & Schmidt, Peter, 1985. "On the Cost of Partial Observability in the Bivariate Probit Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(1), pages 71-85, February.
- Groves, Melissa Osborne, 2005. "How important is your personality? Labor market returns to personality for women in the US and UK," Journal of Economic Psychology, Elsevier, vol. 26(6), pages 827-841, December.
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