Caliendo, Marco; Cobb-Clark, Deborah A.; Uhlendorff, Arne - 2010
Standard job search theory assumes that unemployed individuals have perfect information about the effect of their … search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each … individual has a subjective belief about the impact of his or her search effort on the rate at which job offers arrive. These …