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Title: The Job Search Behavior of Employed Youth
Resulting in 1 citation.
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Parsons, Donald O. |
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The Job Search Behavior of Employed Youth Review of Economics and Statistics 73,4 (November 1991): 597-604. Also: http://www.jstor.org/stable/2109398 Cohort(s): NLSY79 Publisher: Harvard University Press Keyword(s): Employment, Youth; Gender Differences; Job Search; Marital Status; Quits; Racial Differences; Wages Permission to reprint the abstract has not been received from the publisher. An employed worker's search strategies include: 1. employed-not searching, 2. employed-searching, and 3. unemployed-searching, which requires that the worker quit work in order to search. Under plausible assumptions on search costs, the optimal algorithm involves a dual reservation wage strategy. The probability of on-the-job search increases as the current wage decreases relative to the distribution of alternative wages. If the wage is sufficiently low, the searcher quits to search, substituting time for financial outlays. Estimates based on the National Longitudinal Survey of Youth indicate that these calculations characterize the search strategies of young workers. The simulations indicate that, as own wage increases from 30% below the mean wage to 30% above it, quitting-to-search falls from 10.7% to 5.2% among males and from 14.8% to 5% among females. Searching on-the-job decreases as well, although less dramatically. (ABI/Inform) |
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Bibliography Citation
Parsons, Donald O. "The Job Search Behavior of Employed Youth." Review of Economics and Statistics 73,4 (November 1991): 597-604.
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