Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data

Alan Krueger and Andreas Mueller

No 1283, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: This paper presents findings from a survey of 6,025 unemployed workers who were interviewed every week for up to 24 weeks in the fall of 2009 and spring of 2010. Our main findings are: (1) the amount of time devoted to job search declines sharply over the spell of unemployment; (2) the self-reported reservation wage predicts whether a job offer is accepted or rejected; (3) the reservation wage is remarkably stable over the course of unemployment for most workers, with the notable exception of workers who are over age 50 and those who had nontrivial savings at the start of the study; (4) many workers who seek full-time work will accept a part-time job that offers a wage below their reservation wage; and (5) the amount of time devoted to job search and the reservation wage help predict early exits from Unemployment Insurance (UI).

Keywords: unemployment; wages; job search (search for similar items in EconPapers)
JEL-codes: H31 J08 J29 J64 (search for similar items in EconPapers)
Date: 2011-01
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Citations: View citations in EconPapers (167)

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Related works:
Working Paper: Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data (2011)
Working Paper: Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pri:indrel:562

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