This study explores how wage flexibility and job search intensity evolve with search duration among young, middle-aged and older job seekers. It moreover investigates whether financial hardship and reemployment efficacy mediate the relationships. Multi-group structural equation modeling on a...

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...

This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this...