Worker search effort as an amplification mechanism

被引：30

作者：

Gomme, Paul ^{[1
,2
]}

Lkhagvasuren, Damba ^{[1
,2
,3
]}

机构：

[1] Concordia Univ, Dept Econ, Montreal, PQ H3G 1M8, Canada

[2] CIREQ, Montreal, PQ, Canada

[3] Natl Univ Mongolia, Dept Econ, Ulaanbaatar, Mongolia

来源：

JOURNAL OF MONETARY ECONOMICS | 2015年 / 75卷

基金：

加拿大魁北克医学研究基金会;

关键词：

Variable search effort; Unemployment and vacancies; Beveridge curve; Search intensity; Time use; THE-JOB SEARCH; LABOR-MARKET; UNEMPLOYMENT-INSURANCE; MODELS;

D O I：

10.1016/j.jmoneco.2015.02.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

It is well known that the Diamond-Mortensen-Pissarides model exhibits a strong tradeoff between cyclical unemployment fluctuations and the size of rents to employment. Introducing endogenous job search effort reduces the strength of the trade-off while bringing the model closer to the data. Ignoring worker search effort leads to a large upward bias in the elasticity of matches with respect to vacancies. Merging the American Time Use Survey and the Current Population Survey, new evidence in support of procyclical search effort is presented. Average search effort of the unemployed is subject to cyclical composition biases. (C) 2015 Elsevier B.V. All rights reserved.

引用

页码：106 / 122

页数：17

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