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American Economic Journal Macroeconomics
Article . 2018 . Peer-reviewed
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SSRN Electronic Journal
Article . 2014 . Peer-reviewed
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EconStor
Research . 2014
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Job Search Behavior over the Business Cycle

Authors: Mukoyama, Toshihiko; Patterson, Christina; Sahin, Aysegul;

Job Search Behavior over the Business Cycle

Abstract

We create a novel measure of job search effort exploiting the American Time Use and Current Population Surveys. We examine the cyclicality of search effort using time-series, cross-state, and individual variation and find that it is countercyclical. We then set up a search and matching model with endogenous search effort and show that search effort does not amplify labor market fluctuations but rather dampens them. Lastly, we examine the role of search effort in driving recent unemployment dynamics and show that the unemployment rate would have been 0.5 to 1 percentage points higher in the 2008–2014 period had search effort not increased. (JEL E24, E32, J22, J64)

Keywords

job search; time; use; business cycles, ddc:330, J22, job search, business cycles, E24, J64, use, time, E32, jel: jel:E32, jel: jel:J64, jel: jel:E24, jel: jel:J22

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    popularity
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    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
40
Top 10%
Top 10%
Top 10%
bronze