In the study reported here, we develop a theoretical model of occupational choice which is then specifically tailored to fit the market for economists over time. Economists typically assume that the world is relatively free of informational barriers and that agents carefully process vast amounts...

The 1969-1971 National Longitudinal Surveys data on young men were used to study the employed worker's choice among employed search, unemployed search, and not searching for a new job. We assume that an unobserved variable, search intensity, governs this choice such that unemployed search...

This paper synthesizes two models of search in the labor market: systematic and random. We construct and test a theoretical model in which the searcher is endowed with information on some (possibly zero or all) individual firms in the labor market, as well as the overall wage offer distribution....