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- Title
The Cyclicality of On-the-Job Search Effort.
- Authors
Ahn, Hie Joo; Shao, Ling
- Abstract
This paper provides new evidence for cyclicality in the job-search effort of employed workers, on-the-job search (OJS) intensity, in the U.S. using American Time Use Survey and various cyclical indicators. We find that the probability of an employed worker to engage in OJS is statistically significantly countercyclical, while time spent on OJS of an employed job seeker is weakly countercyclical. The fear of job loss, employment uncertainty, and workers' financial situations is crucial in the job search decision of employed individuals. The results imply that the precautionary motive might be the key driver of the countercyclicality in OJS intensity.
- Subjects
JOB hunting; LAYOFFS; TIME management; BUSINESS cycles
- Publication
B.E. Journal of Macroeconomics, 2021, Vol 21, Issue 1, p185
- ISSN
2194-6116
- Publication type
Article
- DOI
10.1515/bejm-2019-0245