How Wage Announcements Affect Job Search— A Field Experiment

How wage announcements affect job search behaviour - a field experiment

We study how job seekers respond to wage announcements, and test the main implications of directed search: high wages should attract more applicants, but some applicants apply only to low wages even if higher wage offers are present. Both parts of the theory find support among randomised job offers, suggesting an allocative role for wage competition in search markets. We calibrate a directed se...

"Job Search and Wage Behaviour"

Montréal. Il a pour mission la promotion et la valorisation de la recherche. Érudit offre des services d'édition numérique de documents scientifiques depuis 1998. Note : les règles d'écriture des références bibliographiques peuvent varier selon les différents domaines du savoir. Ce document est protégé par la loi sur le droit d'auteur. L'utilisation des services d'Érudit (y compris la reproduct...

How Does Popularity Information Affect Choices? A Field Experiment

P information is usually thought to reinforce existing sales trends by encouraging customers to flock to mainstream products with broad appeal. We suggest a countervailing market force: popularity information may benefit niche products with narrow appeal disproportionately, because the same level of popularity implies higher quality for narrow-appeal products than for broad-appeal products. We ...

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

During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open positions (as measured by the Help Wanted OnLine Index) more than tripled. The weak labor market prompted an unprecedented extension in the length of time in which a claimant can collect unemployment insurance (UI) to 99 weeks, at an expense to date of $226.4 billion. While many clai...

How dividend announcements affect stock prices