Job Search Behavior among the Employed and Non-Employed
Jason Faberman (),
Aysegül Sahin () and
Giorgio Topa ()
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Aysegül Sahin: Federal Reserve Bank of New York
No 10960, IZA Discussion Papers from Institute of Labor Economics (IZA)
Using a unique new survey, we study the relationship between search effort and outcomes for employed and non-employed workers. We find that the employed fare better than the non-employed in job search: they receive more offers per application and are offered higher pay even after controlling for observable characteristics. We use an on-the-job search model with endogenous search effort and find that unobserved heterogeneity explains less than a third of the residual wage offer differential. The model calibrated using various moments from our survey provides a good fit to the data and implies a reasonable flow value of unemployment.
Keywords: job search; unemployment; on-the-job search; search effort; wage dispersion (search for similar items in EconPapers)
JEL-codes: E24 J29 J60 (search for similar items in EconPapers)
Pages: 73 pages
New Economics Papers: this item is included in nep-dge, nep-lab and nep-mac
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Working Paper: Job Search Behavior among the Employed and Non-Employed (2017)
Working Paper: Job Search Behavior among the Employed and Non-Employed (2016)
Working Paper: Job Search Behavior among the Employed and Unemployed (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp10960
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