An Empirical Analysis of Job Search Duration Utilising Macroeconomic Data

Macroeconomic data are examined to identify the factors which influence the job search duration of American workers during the 1970s and 1980s. Among the factors investigated, the overall unemployment rate and personal characteristics of job seekers emerge as more important influences on search time than the techniques used to find work. Instead of relying entirely upon longitudinal micro data or special survey data to test the job search model, readily available macro data series are utilised. A policy implication which may be drawn from the study is that government programmes which intervene into the personal lives of the unemployed are appropriate. Basic education and vocational training as well as job search assistance are suggested for less well‐educated and inexperienced labour‐force participants.