Small payments in micro-task crowdsourcing markets appear unreasonable compared with remunerations for regular work in the workplace, yet hundreds of thousands of micro-tasks are completed each day, and frequently by highly educated individuals. To explain this perplexing anomaly, we investigate individuals’ continuous participation in micro-task crowdsourcing from a time allocation perspective...

In structural empirical models of labour market search, the distribution of wage offers is usually assumed to be exogenous. Because in setting their wages profit-maximizing firms should consider the reservation wages of job seekers, this assumption is hard to justify. In this paper we estimate a structural equilibrium search model in which the wage offer distribution is endogenous. The model ta...

In this paper, we apply search theory to ana lyze the determinants of job search success as measured by the wages earned by re-employed male and female Polish workers after a spell of unemployment in 1994-2001. In addition to a general examination of postunemployment earnings, this study focuses on several specific themes. In particular, we investigate (i) if the receipt of unemployment benefit...

Abstract We explore the impact of wage offers on job applications, testing implications directed search model and trying to distinguish it from random search. use a field experiment conducted Chinese board, with real jobs for which we randomly vary across three ranges. find that higher raise application rates overall, is consistent search, but can also arise seekers above reservation wages that...

Using the bounded rationality implementation developed in Evans et al. (2021), we consider unemployment dynamics driven by aggregate productivity shocks within a McCall-type labor-search model. We find that magnifies impact effect of decline on unemployment. Boundedly rational agents are overly pessimistic about wage offers during course recession, resulting higher relative to • boundedly-ratio...

We investigate how perceived meaning influences labor supply. In a laboratory setting, we manipulate the perceived meaning of simple, repetitive tasks and find a strong influence on subjects’ labor supply. Despite the fact that the wage and the task are identical across the conditions in each experiment, subjects in the less meaningful conditions exhibit reservation wages that are consistently ...

Instead of relying on accounting principles and illustrative accounting examples, this paper examines the rationale for ESO expensing from an economics perspective and has the following findings. In principle, while ESO expensing is justified under ESOs’ expense-postponing function, it is not under the employee-stimulating function. In practice, ESOs’ risk-sharing function poses a fundamental d...

We investigate how perceived meaning influences labor supply. In a laboratory setting, we manipulate the perceived meaning of simple, repetitive tasks and find a strong influence on subjects’ labor supply. Despite the fact that the wage and the task are identical across the conditions in each experiment, subjects in the less meaningful conditions exhibit reservation wages that are consistently ...

This paper considers a novel class of birandom job search problem, in which the job offers are sampled by the job searcher from a finite job set with equivalent probability and their wages are characterized as independent but maybe not identically nonnegative random variables. The job searcher knows the job offer’s wage distribution when he samples the job offer. Since the offered wage is a ran...

This paper develops a labour market matching model with heterogeneous firms, on-thejob search and referrals. Social capital is endogenous, so that better connected workers bargain higher wages for a given level of productivity. This is a positive effect of referrals on reservation wages. At the same time, employees accept job offers from more productive employers and forward other offers to the...