Job Search Behavior Among the Employed and Non-Employed

• 成果类型: Article
• 署名作者: Faberman, R. Jason; Mueller, Andreas, I; Sahin, Aysegul; Topa, Giorgio
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of Texas System; University of Texas Austin; National Bureau of Economic Research; Centre for Economic Policy Research - UK; IZA Institute Labor Economics
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA18582
• 发表日期: 2022
• 页码: 1743-1779
• 关键词: wage dispersion; unemployment-insurance; time use; MODEL

摘要

We develop a unique survey that focuses on the job search behavior of individuals regardless of their labor force status and field it annually starting in 2013. We use our survey to study the relationship between search effort and outcomes for the employed and non-employed. Three important facts stand out: (1) on-the-job search is pervasive, and is more intense at the lower rungs of the job ladder; (2) the employed are at least three times more effective than the unemployed in job search; and (3) the employed receive better job offers than the unemployed. We set up a general equilibrium model of on-the-job search with endogenous search effort, calibrate it to fit our new facts, and find that the search effort of the employed is highly elastic. We show that search effort substantially amplifies labor market responses to productivity shocks over the business cycle.