The persistent impact of multiple offers

Junjie Guo

Labour Economics, 2022, vol. 74, issue C

Abstract: In search of a job, a worker may receive more than one offer. Focusing on new hires from non-employment, this paper documents (1) over 30% of them had multiple offers simultaneously just before starting the present job, (2) the probability of having multiple offers is negatively correlated with the unemployment rate, and (3) relative to workers with one offer, comparable workers with multiple offers enjoy a persistent wage premium of over 10% for about nine years. The findings have implications for understanding the contribution of search frictions to wage inequality and the sullying effect of recessions.

Keywords: Human capital; Occupational choice; Search frictions; Wage inequality (search for similar items in EconPapers)
JEL-codes: E24 J24 J31 J62 J64 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0927537121001366
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:74:y:2022:i:c:s0927537121001366

DOI: 10.1016/j.labeco.2021.102101

Access Statistics for this article

Labour Economics is currently edited by A. Ichino

More articles in Labour Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().