about the market. This suggests that, beyond slowing down matching, search frictions have a second understudied cost: they …

Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that … arise when meetings are actually multilateral. I analyze the magnitude of these frictions by presenting an equilibrium job … application, the cost of an interview, and the value of non-market time. Frictions on the worker and the firm side are estimated …