Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202479
Authors: 
Leyva, Gustavo
Year of Publication: 
2018
Series/Report no.: 
Working Papers 2018-13
Abstract: 
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. I estimate the elasticity of the value of a job to changes in labor productivity to be at least - 0.67 and at most -0.04.
Subjects: 
unemployed
search intensity
value of a job
business cycle
JEL: 
E24
E32
J22
J64
Document Type: 
Working Paper
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