Discouraging Workers: Estimating the Impacts of Macroeconomic Shocks on the Search Intensity of the Unemployed

DeLoach, Stephen B.; Kurt, Mark R.

doi:10.1007/s12122-013-9166-0

Cited by 33 publications

(14 citation statements)

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“…Moreover, the use of this measure of search effort proposed in Shimer's pioneer work has been criticized by Tumen (2014) who shows that the probability of exiting unemployment is a decreasing function of the number of search methods, whereas, if he uses the number of search methods per week unemployed as an alternative measure of search effort, search intensity becomes strongly pro-cyclical. This result confirms the one in DeLoach & Kurt (2013). After controlling for composition bias, Gomme & Lkhagvasuren (2015) also find that search effort (measured by time spent on this activity) is strongly pro-cyclical.…”

Section: C1 Measuring Search Effortsupporting

confidence: 79%

Unemployment fluctuations over the life cycle

Hairault

Langot

Sopraseuth

2019

Journal of Economic Dynamics and Control

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In this paper, we document volatilities of worker flows across age groups using monthly CPS data: they are age-increasing. We then show that the search and matching model extended to introduce life-cycle features is well suited to explain these facts. Indeed, this model endogenously generates wage rigidity as the worker ages. With a shorter horizon on the labor market, older workers' outside options become less sensitive to new employment opportunities, making their wages less sensitive to the business cycle. Thus, their job finding and separation rates are more responsive to the business cycle, as in the US data. The horizon effect cannot explain the significant differences between volatilities of prime-age and young workers as both age groups are far away from retirement. We show that a lower bargaining power for younger workers is actually sufficient to reproduce their age-specific business cycle volatilities. Finally, we show how the interaction between search effort and endogenous separations amplifies differences in volatility across age groups and helps the model match moments of aggregate data.

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Section: C1 Measuring Search Effortsupporting

confidence: 79%

Unemployment fluctuations over the life cycle

Hairault

Langot

Sopraseuth

2019

Journal of Economic Dynamics and Control

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“…In many countries, the public employment service is the central point of contact for unemployed and firms as it provides support to form matches between both market sides. However, while there are some studies on search intensity of unemployed [ 5 , 20 ] and firms [ 2 , 3 ], there are no empirical measures of placement intensity of employment agencies so far, despite its importance. In Germany, for instance, the relevance of this intermediary showed itself during the COVID-19 crisis, when it was impossible for employment agencies and job centers to pursue their usual placement activities under corona conditions due to other priorities such as massively increasing short-time work.…”

Section: Introductionmentioning

confidence: 99%

Cyclicality of labour market search: a new big data approach

Hütter

2021

J Labour Market Res

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This paper exploits big data on online activity from the job exchange of the German Federal Employment Agency and its internal placement-software to generate measures for search activity of employers and job seekers and—as a novel feature—for placement activity of employment agencies. In addition, the average search perimeter in the job seekers’ search profiles can be measured. The data are used to estimate the behaviour of the search and placement activities during the business and labour market cycle and their seasonal patterns. The results show that the search activities of firms and employment agencies are procyclical. By contrast, job seekers’ search intensity shows a countercyclical pattern, at least before the COVID-19 crisis.

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“…Ante cualquier duda o confusión derivada de la traducción por favor referirse al documento en inglés. 1 Las contribuciones anteriores incluyen Shimer (2004), Mukoyama et al (2018), DeLoach y Kurt (2013) y Gomme y Lkhagvasuren (2015) para trabajadores desempleados. Aguiar et al (2013b) estima que la búsqueda de empleo absorbió entre 2 % y 6 % de las horas de trabajo perdidas en el mercado durante la Gran Recesión.…”

Section: Introductionunclassified

“…Es posible que tengan que soportar ma-La raza y la tasa de desempleo no están incluidas y el período de desempleo se sustituye por razones de desempleo.Composición de la muestra: El comportamiento de búsqueda de personas muy jóvenes y muy adultas puede diferir notablemente del correspondiente al del resto de la población. Algunos autores han recortado la muestra invocando un argumento en este sentido(véase Shimer, 2004, Aguiar et al, 2013b, Gomme y Lkhagvasuren, 2015y DeLoach y Kurt, 2013. En consecuencia, comienzo considerando dos muestras alternativas, compuestas de trabajadores desempleados de entre 25 y 70 años, como en Shimer…”

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Contra todo pronóstico: búsqueda de empleo durante la gran recesión

Leyva¹

2018

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The unemployed in the United States appear to allocate time to job search activities regardless of the stance of the economy. Drawing on the American Time Use Survey between 2003 and 2014, I document that the unemployed increase their search intensity only slightly if at all during recessions. Roughly, 30 minutes in a week is the additional search intensity attributed to the unemployed in response to the Great Recession. While their search intensity depends on a number of factors that would predict otherwise, such as the odds of finding work, one argument shows promise: the search costs that accumulate over an expected long period of unemployment make a job more valuable during recessions.

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Discouraging Workers: Estimating the Impacts of Macroeconomic Shocks on the Search Intensity of the Unemployed

Cited by 33 publications

References 14 publications

Unemployment fluctuations over the life cycle

Unemployment fluctuations over the life cycle

Cyclicality of labour market search: a new big data approach

Contra todo pronóstico: búsqueda de empleo durante la gran recesión

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