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Unemployment expectations, excessive pessimism, and news coverage
University of Hamburg, Faculty of Economic and Social Sciences, Hamburg, Germany.
2013 (English)In: Journal of Economic Psychology, ISSN 0167-4870, E-ISSN 1872-7719, Vol. 34, p. 156-168Article in journal (Refereed) Published
Abstract [en]

This study employs monthly survey data and information obtained from media content analyses to investigate the potential link between (negativity in) economic news coverage and the pessimism in German unemployment expectations. For the period from 2001 to 2009, time-series estimates do not indicate a link in the short-run, but the cumulative effects of repeated media coverage affect long-run attitudes. A single negative report has a long-term effect similar to that of a positive one, but the quantitative dominance of negative over positive news causes an asymmetric reaction in unemployment expectations, which promotes pessimism. 

Place, publisher, year, edition, pages
Elsevier, 2013. Vol. 34, p. 156-168
Keywords [en]
Economic news coverage, Pessimism, Unemployment expectations
National Category
Economics Media and Communications
Identifiers
URN: urn:nbn:se:hj:diva-41749DOI: 10.1016/j.joep.2012.09.007ISI: 000315012200013Scopus ID: 2-s2.0-84873296006OAI: oai:DiVA.org:hj-41749DiVA, id: diva2:1252748
Available from: 2018-10-02 Created: 2018-10-02 Last updated: 2018-10-02Bibliographically approved

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Garz, Marcel

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