UNEMPLOYMENT DURATION UNDER FLEXIBLE INFORMATION ACQUISITION

• 成果类型: Article
• 署名作者: Kim, Jeong Ho (John); Kim, Kyungmin; Pease, Marilyn
• 署名单位: State University System of Florida; Florida State University; Emory University; Indiana University System; Indiana University Bloomington; State University System of Florida; Florida State University
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12666
• 发表日期: 2024
• 页码: 471-503
• 关键词: labor-market; job search; field; DISCRIMINATION; employers; stigma

摘要

We consider a worker's job search problem in which firms arrive sequentially, observe the worker's unemployment duration, and conduct an interview to learn about her unobservable productivity. Firms engage in fully flexible information acquisition subject to a uniformly posterior-separable cost function. We provide a closed-form characterization of equilibrium job search dynamics and demonstrate that endogenous information amplifies the stigma effect of long unemployment duration relative to exogenous information. We also show that lowering firms' information-acquisition costs has ambiguous implications for a worker's unemployment duration.