Worker overconfidence. Field evidence and implications for employee turnover and returns from training.

Autor/inn/en	Hoffman, Mitchell; Burks, Stephen V.
Institution	National Bureau of Economic Research
Titel	Worker overconfidence. Field evidence and implications for employee turnover and returns from training. Gefälligkeitsübersetzung: Selbstüberschätzung von Arbeitnehmern. Praxisbezogene Erkenntnisse und Implikationen für Arbeitsplatzwechsel und Weiterbildungserträge.
Quelle	Cambridge, Mass. (2017), 35 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper. 23240
Sprache	englisch
Dokumenttyp	online; Monographie
DOI	10.3386/w23240
Schlagwörter	Erwartung; Selbsteinschätzung; Bildungsertrag; Kündigung; Arbeitsplatzwechsel; Arbeitsproduktivität; Berufskraftfahrer; Betriebliche Weiterbildung; Kündigungsabsicht; USA
Abstract	"Combining weekly productivity data with weekly productivity beliefs for a large sample of truckers over two years, we show that workers tend to systematically and persistently over-predict their productivity. If workers are overconfident about their own productivity at the current firm relative to their outside option, they should be less likely to quit. Empirically, all else equal, having higher productivity beliefs is associated with an employee being less likely to quit. To study the implications of overconfidence for worker welfare and firm profits, we estimate a structural learning model with biased beliefs that accounts for many key features of the data. While worker overconfidence moderately decreases worker welfare, it also substantially increases firm profits. This may be critical for firms (such as the main one we study) that make large initial investments in worker training." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2017/3