Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185500
Authors: 
Belot, Michèle
Kircher, Philipp
Muller, Paul
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper 7302
Abstract: 
We study how job seekers respond to wage announcements by assigning wages randomly to pairs of otherwise similar vacancies in a large number of professions. High wage vacancies attract more interest, in contrast with much of the evidence based on observational data. Some applicants only show interest in the low wage vacancy even when they were exposed to both. Both findings are core predictions of theories of directed/competitive search where workers trade off the wage with the perceived competition for the job. A calibrated model with multiple applications and on-the-job search induces magnitudes broadly in line with the empirical findings.
Subjects: 
online job search
directed search
wage competition
field experiments
JEL: 
J31
J63
J64
C93
Document Type: 
Working Paper

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