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The Life-Cycle Profile of Time Spent on Job Search

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Author Info

  • Mark Aguiar
  • Erik Hurst
  • Loukas Karabarbounis

Abstract

Using time use survey data we document a hump-shaped profile of job search time in the United States across the life-cycle. The middle-aged unemployed spend roughly three times as much time in job search as the youngest group of unemployed. The hump-shaped profile of job search time is relatively stable across demographic groups. However, the profile of job search time appears to be declining in non-US countries. We discuss how standard life-cycle models with incomplete markets have difficulty in accounting for the hump-shaped profile found in the US data.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/aer.103.3.111
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File URL: http://www.aeaweb.org/aer/ds/may2013/P2013_0197_ds.zip
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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 103 (2013)
Issue (Month): 3 (May)
Pages: 111-16

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Handle: RePEc:aea:aecrev:v:103:y:2013:i:3:p:111-16

Note: DOI: 10.1257/aer.103.3.111
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Cited by:
  1. Andrea Ichino & Guido Schwerdt & Rudolf Winter-Ebmer & Andrea Ichino, 2013. "Too Old to Work, Too Young to Retire?," Economics working papers 2013-13, Department of Economics, Johannes Kepler University Linz, Austria.
  2. Peter Cappelli & Monika Hamori, 2013. "Who Says Yes When the Headhunter Calls? Understanding Executive Job Search Behavior," NBER Working Papers 19295, National Bureau of Economic Research, Inc.
  3. Ichino, Andrea & Schwerdt, Guido & Winter-Ebmer, Rudolf & Zweimüller, Josef, 2013. "Too Old to Work, Too Young to Retire? Revised Version of Working Paper 220, Economics Series, October 2007," Economics Series 302, Institute for Advanced Studies.

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