Media and occupational choice / Alexander Konon (DIW Berlin), Alexander Kritikos (DIW Berlin, University of Potsdam, IZA and IAB) ; IZA Institute of Labor Economics
VerfasserKonon, Alexander ; Kritikos, Alexander
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, September 2017
Elektronische Ressource
Umfang1 Online-Ressource (46 Seiten) : Diagramme
SerieDiscussion paper ; no. 11015
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Media and occupational choice [0.64 mb]
Verfügbarkeit In meiner Bibliothek

We address the question of whether media influences occupational choices. To theoretically examine media effects, we construct a dynamic Bayesian occupational choice model with sequential decisions under ambiguity due to imperfect information. We show that sufficiently intensive positive media articles and reports about entrepreneurship increase the probability of self-employment and decrease the probability of wage work. To test our model, we use an instrumental variable approach to identify causal media effects using US micro data and a country-level macro panel with two different media variables. We find that an increase in positive media articles and reports about entrepreneurs generates effects on choice probabilities that are consistent with our model.