Do Job Seekers (Really) Procrastinate?

Maxime Le Bihan () and Marie Villeval ()
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Maxime Le Bihan: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique
Marie Villeval: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique

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Abstract: We experimentally investigated whether job seekers' short-run and long-run time preferences over money and effort influence job search intensity and outcomes. Our findings indicate that long-run impatience impacts search effort and the reservation wage, but only when elicited in the effort domain. Both procrastination and present bias over money reduce job search efforts, with procrastination negatively influencing early search outcomes and present bias affecting the exit from unemployment. Preferences over financial trade-offs and leisure arbitrages also affect job search, but this is only observed when time preferences are elicited using the Double Multiple Price List method, not the Convex Time Budget method.

Keywords: Time discounting; Present bias; Job search behavior; Labor market; Experiment (search for similar items in EconPapers)
Date: 2024-10-18
Note: View the original document on HAL open archive server: https://hal.science/hal-04743505v1
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