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In this paper, we employ search theory as a micro-economic foundation for the wasteful commuting hypothesis. It is … argued that the commute of the self-employed is the result of a search process for vacant workplaces, whereas employees … search for vacant jobs through space. Because the arrival rate of workplaces is much higher than the arrival rate of jobs …
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Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of...
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-and different occupations. Then we develop an on-the-job search model that incorporates referrals and calibrate the model to key …
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We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most … of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it … as the number of job applications that workers send out. The wage distribution and job search intensities are …
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