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Joint Seminar in Macroeconomics by Nir Jaimovich - University of Zurich

Job Hunting: A Costly Quest

Catégorie : conférence/cours/séminaire (spécialisé)
Date : 11/03/2021 16:30 - 11/03/2021 18:00
Lieu : Via TEAMS
Orateur(s) : Nir Jaimovich
Organisateur(s) : Romain Houssa

Abstract

Searching for a job requires time, which unemployed individuals typically have to spare, and monetary resources, which they arguably lack. To study the implications of pecuniary search costs, which mostly affect search decisions of liquidity-constrained unemployed individuals, we embed such costs in a heterogeneous agent search-and-matching model with incomplete markets and endogenous job search decisions. To quantitatively discipline the model, we use administrative data from random audits of unemployed individuals claiming Unemployment Insurance benefits. We use the model to study the aggregate effects of different policies aimed at increasing the fraction of unemployed who are actively engaged in job search.

 

Contact : Romain Houssa - romain.houssa@unamur.be
Télecharger : vCal