Job Applications and Labour Market Flows

• 成果类型: Article
• 署名作者: Birinci, Serdar; See, Kurt; Wee, Shu Lin
• 署名单位: Bank of Canada
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdae064
• 发表日期: 2025
• 页码: 1438-1496
• 关键词: wage dispersion; directed search; multiple; distributions; EFFICIENCY

摘要

Job applications have risen over time, yet job-finding rates remain unchanged. Meanwhile, separations have declined. We argue that increased applications raise the probability of a good match rather than the probability of job-finding. Using a search model with multiple applications and costly information, we show that when applications increase, firms invest in identifying good matches, reducing separations. Concurrently, increased congestion and selectivity over which offer to accept temper increases in job-finding rates. Our framework contains testable implications for changes in offers, acceptances, reservation wages, applicants per vacancy, and tenure, objects that enable it to generate the trends in unemployment flows.