Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data
AbstractThis paper presents findings from a survey of 6,025 unemployed workers who were interviewed every week for up to 24 weeks in the fall of 2009 and spring of 2010. Our main findings are: (1) the amount of time devoted to job search declines sharply over the spell of unemployment; (2) the self-reported reservation wage predicts whether a job offer is accepted or rejected; (3) the reservation wage is remarkably stable over the course of unemployment for most workers, with the notable exception of workers who are over age 50 and those who had nontrivial savings at the start of the study; (4) many workers who seek full-time work will accept a part-time job that offers a wage below their reservation wage; and (5) the amount of time devoted to job search and the reservation wage help predict early exits from Unemployment Insurance (UI).
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Bibliographic InfoPaper provided by Princeton University, Department of Economics, Industrial Relations Section. in its series Working Papers with number 1283.
Date of creation: Jan 2011
Date of revision:
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unemployment; wages; job search;
Other versions of this item:
- Krueger, Alan B. & Mueller, Andreas I., 2011. "Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data," IZA Discussion Papers 5450, Institute for the Study of Labor (IZA).
- Alan B. Krueger & Andreas Mueller, 2011. "Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data," Working Papers 1295, Princeton University, Department of Economics, Center for Economic Policy Studies..
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
- J29 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Other
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-12 (All new papers)
- NEP-LAB-2011-02-12 (Labour Economics)
- NEP-LTV-2011-02-12 (Unemployment, Inequality & Poverty)
You can help add them by filling out this form.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:CitEc Project, subscribe to its RSS feed for this item.
- Tamas Papp & Alisdair McKay, 2012. "Accounting for idiosyncratic wage risk over the business cycle," 2012 Meeting Papers 820, Society for Economic Dynamics.
- Roland G. Fryer, Jr & Devah Pager & Jörg L. Spenkuch, 2011.
"Racial Disparities in Job Finding and Offered Wages,"
NBER Working Papers
17462, National Bureau of Economic Research, Inc.
- Fryer, Roland G. & Pager, Devah & Spenkuch, Jörg L., 2011. "Racial Disparities in Job Finding and Offered Wages," MPRA Paper 33607, University Library of Munich, Germany.
- Marianna Kudlyak & Damba Lkhagvasuren & Roman Sysuyev, 2012.
"Sorting by skill over the course of job search,"
12-03, Federal Reserve Bank of Richmond.
- Francesc Obiols, 2012. "Search and Matching in the Labor Market without Unemployment Insurance," Working Papers 670, Barcelona Graduate School of Economics.
- Alisdair McKay & Tamas Papp, 2011. "Accounting for Idiosyncratic Wage Risk Over the Business Cycle," Boston University - Department of Economics - Working Papers Series WP2011-028, Boston University - Department of Economics.
- Raj Chetty & Amy Finkelstein, 2012. "Social Insurance: Connecting Theory to Data," NBER Working Papers 18433, National Bureau of Economic Research, Inc.
- Timothy J. Bartik, 2013. "Social Costs of Jobs Lost Due to Environmental Regulations," Upjohn Working Papers and Journal Articles 13-193, W.E. Upjohn Institute for Employment Research.
- Ronald Wolthoff, 2013. "It's About Time: Implications of the Period Length in an Equilibrium Search Model," Working Papers tecipa-476, University of Toronto, Department of Economics.
- Audra J. Bowlus & Huju Liu, 2012. "The Contributions of Search and Human Capital to Earnings Growth Over the Life Cycle," University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers 20122, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
- Kyle F. Herkenhoff, 2012. "Informal unemployment insurance and labor market dynamics," Working Papers 2012-057, Federal Reserve Bank of St. Louis.
- Will Dobbie & Roland G. Fryer, Jr, 2011. "The Impact of Youth Service on Future Outcomes: Evidence from Teach For America," NBER Working Papers 17402, National Bureau of Economic Research, Inc.
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