Unemployed and overly optimistic

People who are unemployed start their job search with needed optimism, like new entrepreneurs. Their optimism is generally too high for their situation, particularly when they have been unemployed for a long time, but their lack of success finding a job does little to temper their optimism.  New research suggests these overly optimistic beliefs “explain about 15 percent of the high incidence of long-term unemployment.”

Joseph Coletti / Senior Fellow

Joe Coletti is a senior fellow at the John Locke Foundation focused on fiscal policy issues. He previously headed the North Carolina Government Efficiency and Reform initiativ...

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