We present a tractable, hybrid framework that nests random and perfectly directed search, in which workers are more … that even the perfectly directed search limit is inefficient, in contrast to its otherwise close cousin, competitive search …

We present a tractable, hybrid framework that nests random and perfectly directed search, in which workers are more … that even the perfectly directed search limit is inefficient, in contrast to its otherwise close cousin, competitive search …

We leverage rich data from a prominent online job board in Uruguay to assess directed search patterns in job … applications, focusing on posted wages and advertised non-wage amenities. We find robust evidence of directed search based on … of directed search based on non-wage amenities. Applications to vacancies attached to lower-skill occupations are …

directed search. In equilibrium, firms are more likely to post vacancies for low-quality jobs, as these are more profitable …

markups that we relate to variation in the elasticity of demand at the firm level. With directed search at the outset, a shock …