Mihm, Benedikt; Bransch, Felix; Malik, Samreen - 2023
On-the-job search is increasingly recognized as an important potential driver of labor market dynamics over the … business cycle. Using the UK Labor Force Survey, we find robust empirical evidence that on-the-job search is countercyclical …. This finding is surprising because, as we confirm, the expected returns to on-the-job search are procyclical. We find …