This paper provides new evidence on time devoted to job search by the employed in the U.S. I find that search effort decreases with the current wage, with an elasticity between -0.7 and -1.3.

This paper develops a simple model in which unemployment arises from a combination of selection and bad luck. During recessions, the proportion of workers who are laid off due to low productivity declines during recessions, diminishing the adverse signaling effect of an unemployment spell. Wage...