Labor markets become more efficient in theory if jobseekers direct their search. Using online job board data, we show that high-wage ads attract more applicants as in directed search models. Due to distinctive data features, we also estimate significant but milder directed search for hidden (or...

In the quantitative macro literature, single agent models are heavily used to explain "per-adult equivalent" household data. In this paper, we study differences between consumption predictions from a single agent model and "adult equivalent" consumption predictions from a model where household...

In the quantitative macro literature, single agent models are heavily used to explain "per-adult equivalent" household data. In this paper, we study differences between consumption predictions from a single agent model and "adult equivalent" consumption predictions from a model where household...

In the quantitative macroeconomics literature, single agent models are widely used to explain ``per-adult equivalent'' data, which are obtained at the household level. In this paper we suggest a simple framework to understand the sources of bias when these models are used to make predictions for...

Although the link between household size and consumption has a strong empirical support, there is no consistent way in which demographics are dealt with in standard life-cycle models. We study the relationship between the predictions of the Single Agent model (the standard in the literature)...

Using proprietary data from a Chilean online job board, we find strong, positive assortative matching at the worker-position level, both along observed dimensions and on unobserved characteristics (OLS Mincer residual wages). We also find that this positive assortative matching is robustly...

We use an unusually rich data from a Chilean job board to document novel facts regarding job search for unemployed and employed seekers. We show how application behavior is influenced by (1) demographics such as gender, age, and marital status, (2) alignment between applicant wage expectations...

In this paper we analyze cyclicality of wages at the job level, using posted wage data from an online job board in an emerging economy. Our data contains a significant fraction of online job advertisements in the Chilean economy for the period 2009 to 2018 and is representative of the overall...

We study the cyclicality of online posted wages at the job level, using a representative dataset for the Chilean economy. Unlike other datasets, ours has wage and requirements for most job ads. We find clear evidence of posted wage procyclicality, in line with matched employer-employee studies....

Using proprietary data from a Chilean online job board, we compute sorting between workers and job positions during the application stage (ex ante) and predict sorting in the flow and stock of created matches (ex post) for different type measures. We find strong evidence for positive and...