Employment Mismatches Drive Expectational Earnings Errors among Mozambican Graduates

• Tác giả: Sam Jones
• Ngôn ngữ: eng
• Ký hiệu phân loại: 916.79 Geography of and travel in Africa
• Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2024
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 322967
• Chủ đề: 1. BIASED BELIEFS; 2. JOBS MISMATCH; 3. MOZAMBIQUE; 4. TRACER STUDY; 5. WAGE EXPECTATIONS

Tóm tắt

Biased beliefs about future labor-market earnings are commonplace. Based on a longitudinal survey of graduate work transitions in Mozambique, this study assesses the contribution of employment mismatches to a large positive gap between expected (ex-ante) and realized (ex post) earnings. Accounting for the simultaneous determination of pecuniary and non-pecuniary work characteristics, employment mismatches are found to be material and associated with large earnings penalties. A decomposition of these expectational errors shows that around two-thirds are attributable to employment mismatches, suggesting job seekers systematically overestimate the ease of securing good jobs.