Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/284308 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
Working Paper No. 958
Verlag: 
Queen Mary University of London, School of Economics and Finance, London
Zusammenfassung: 
We evaluate the impacts of a randomized job-fair intervention in which jobseekers and employers can meet at low cost. The intervention generates few hires, but it lowers participants' expectations and causes both firms and workers to invest more in search as predicted by a theoretical model; this improves employment outcomes for less educated jobseekers. Through a unique two-sided belief-elicitation survey, we confirm that firms and jobseekers have over-optimistic expectations about the market. This suggests that, beyond slowing down matching, search frictions have a second understudied cost: they entrench inaccurate beliefs, further distorting search strategies and labour-market outcomes.
Schlagwörter: 
job-search strategy
recruitment
matching
expectations
beliefs
reservation wage
youth unemployment
Ethiopia
JEL: 
O18
J22
J24
J61
J64
Dokumentart: 
Working Paper

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