The Job Search Intensity Supply Curve: How Labor Market Conditions Affect Job Search Effort

Whether individuals search more for work during expansions remains an open question in the literature. Many macro-labor models assume workers search more during expansions when jobs are more plentiful; however, workers may also anticipate future income from employment and consume more of their savin...

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Bibliographic Details
Main Author: Schwartz, J. (Author)
Format: Article
Language:English
Published: Palgrave Macmillan Ltd. 2019
Subjects:
Online Access:View Fulltext in Publisher
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020 |a 00945056 (ISSN) 
245 1 0 |a The Job Search Intensity Supply Curve: How Labor Market Conditions Affect Job Search Effort 
260 0 |b Palgrave Macmillan Ltd.  |c 2019 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1057/s41302-019-00136-5 
520 3 |a Whether individuals search more for work during expansions remains an open question in the literature. Many macro-labor models assume workers search more during expansions when jobs are more plentiful; however, workers may also anticipate future income from employment and consume more of their savings while unemployed. If leisure and consumption are complements, workers may end up searching less during expansion and devote more time toward leisure. This paper develops a search model that allows for these countervailing effects and structurally estimates the parameters. I find that search intensity is only weakly pro- to almost a-cyclical. © 2019, EEA. 
650 0 4 |a Job search 
650 0 4 |a Search methods 
650 0 4 |a Search models 
650 0 4 |a Structural estimation 
700 1 |a Schwartz, J.  |e author 
773 |t Eastern Economic Journal