Formal and informal job search

I develop a model where workers decide how hard to look for a job via formal and informal search channels. The intensity of formal search determines an individual’s arrival rate of offers. The strength of investment in informal search translates into a job contact network in which job offers are transmitted. There are two equilibria, one with high formal search and one with high informal search. The former Pareto dominates the latter.

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Year of publication:	2014
Authors:	Merlino, Luca Paolo
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 3, p. 350-352
Publisher:	Elsevier
Subject:	Unemployment \| Job search \| Endogenous job contact networks

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Type of publication:	Article
Classification:	A14 - Sociology of Economics ; J64 - Unemployment: Models, Duration, Incidence, and Job Search ; J63 - Turnover; Vacancies; Layoffs ; D85 - Network Formation ; E24 - Employment; Unemployment; Wages
Source:	RePEc - Research Papers in Economics

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