Job search, occupational choice and learning
نویسندگان
چکیده
منابع مشابه
Social Approval and Occupational Choice Social Approval and Occupational Choice
We examine the impact of a desire for social approval on education and occupation choice and model the endogenous determination of perceptions that influence such approval. In a two-sector overlapping generations framework, agents born with ability endowments in both occupations must choose one as their career. An agent’s choice is influenced by social approval, which depends upon the community...
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The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a globalization of the world’s labor markets. We find that when people can choose between wage work and managerial work, the output gains are U-shaped: A worldwide labor market raises output by more in the rich and the poor countries, and by less in the middle-income countries. Th...
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I document two new facts about job search during the Great Recession: (i) search increased after individuals received (and rejected) job offers; and (ii) search decreased with cumulative failed search. To account for these facts I develop a model of sequential search in which Bayesian job seekers learn about the arrival rate of offers through their experiences looking for work. Endogenously-evo...
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The high cost of searching for employers borne by prospective employees increases friction in the labor market and inhibits formation of e¢ cient employer-employee relationships. It is conventionally agreed that mechanisms that reduce the search costs (e.g., internet portals for job search) lower unemployment and improve overall welfare. We demonstrate that a reduction of the search costs may h...
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ژورنال
عنوان ژورنال: Central Bank Review
سال: 2020
ISSN: 1303-0701
DOI: 10.1016/j.cbrev.2020.03.004