Show simple item record

dc.contributor.authorAdams-Prassl, A.
dc.contributor.authorBoneva, T.
dc.contributor.authorGolin, M.
dc.contributor.authorRauh, C.
dc.date.accessioned2022-07-05T16:43:13Z
dc.date.available2022-07-05T16:43:13Z
dc.date.issued2022-05-11
dc.identifier.otherCWPE2231
dc.identifier.otherJIWP2211
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/338809
dc.description.abstractIn this paper we provide the first evidence on workers’ perceptions of the returns to job search effort. The perceived job finding probability is nearly linear in hours searched and only slightly concave for most respondents. While workers are overoptimistic about the probability of receiving a job offer conditional on any search, they perceive the marginal return to additional search hours as positive but comparably low. Job seekers receiving an offer update their perceived returns upwards, while others’ beliefs regress towards the direction of the mean. We find little evidence that the novel aspects of the pandemic recession have fundamentally changed workers’ motivations for job search: that an existing job is expected to end or has unsatisfactory pay are the primary motives for on-the-job search. On the contrary, workers’ ability to do their tasks from home is not a strong predictor of job search nor a significant motive for switching occupations.
dc.publisherFaculty of Economics, University of Cambridge
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.relation.ispartofseriesJaneway Institute Working Paper Series
dc.rightsAll Rights Reserved
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/
dc.subjectJob search
dc.subjectPerceived returns
dc.subjectWorking from home
dc.subjectCovid-19
dc.subjectSubjective beliefs
dc.subjectReservation wage
dc.titlePerceived Returns to Job Search
dc.typeWorking Paper
dc.identifier.doi10.17863/CAM.86216


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record