Job search behavior over the business cycle

Toshihiko Mukoyama, Christina Patterson and Aysegul Sahin

No 689, Staff Reports from Federal Reserve Bank of New York

Abstract: We create a novel measure of job search effort starting in 1994 by exploiting the overlap between the Current Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time series and cross-state variation and find that it is countercyclical. About half of the countercyclical movement is explained by a cyclical shift in the observable characteristics of the unemployed. Individual responses to labor market conditions and drops in wealth are important in explaining the remaining variation.

Keywords: job search; time; use; business cycles (search for similar items in EconPapers)
JEL-codes: E24 E32 J22 J64 (search for similar items in EconPapers)
Date: 2014-08-01
New Economics Papers: this item is included in nep-bec, nep-lab, nep-lma and nep-mac
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Job Search Behavior over the Business Cycle (2018)
Working Paper: Job Search Behavior over the Business Cycle (2013)
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