Job search behavior among the employed and non-employed / R. Jason Faberman (Federal Reserve Bank of Chicago), Andreas I. Mueller (Columbia University, NBER and IZA), Ayşegül Şahin (Federal Reserve Bank of New York), Giorgio Topa (Federal Reserve Bank of New York and IZA) ; IZA Institute of Labor Economics
VerfasserFaberman, R. Jason ; Müller, Andreas ; Şahin, Ayşegül ; Topa, Giorgio
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, August 2017
Elektronische Ressource
Umfang1 Online-Ressource (71 Seiten) : Diagramme
SerieDiscussion paper ; no. 10960
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Job search behavior among the employed and non-employed [0.87 mb]
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Using a unique new survey, we study the relationship between search effort and outcomes for employed and non-employed workers. We find that the employed fare better than the non-employed in job search: they receive more offers per application and are offered higher pay even after controlling for observable characteristics. We use an on-the-job search model with endogenous search effort and find that unobserved heterogeneity explains less than a third of the residual wage offer differential. The model calibrated using various moments from our survey provides a good fit to the data and implies a reasonable flow value of unemployment.