How Much Can I Make? Insights on Belief Updating in the Labor Market (with Kenneth Chan)
How do people update their beliefs when encountering new information during job search? We analyze data from a recent government survey (the Survey of Consumer Expectations) and find evidence consistent with motivated reasoning and base-rate neglect.
Recommended citation: Brown, Sebastian and Kenneth Chan. (2024). "How Much Can I Make? Insights on Belief Updating in the Labor Market." Working Paper. http://sebastiannbrown.github.io/files/JobSearchLearning.pdf