“Choose to be optimistic, it feels better?” Evidence of optimism on employment utility

Christopher Dawson, Timothy Hinks, Michail Veliziotis

Research output: Contribution to journalArticle

155 Downloads (Pure)


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.
Original languageEnglish
Article number428–436
JournalBulletin of Economic Research
Issue number4
Early online date13 Nov 2016
Publication statusPublished - 1 Oct 2017


Cite this