The low level of job search is a unique feature of the Hungarian labour market compared to other former communist countries. The paper looks at search intensity among the non-employed using micro-data of the European Labour Force Survey. A section comparing Hungary, Poland and Slovakia in detail...

We propose a model of job search with reference-dependent preferences, where the reference point is given by recent income. Newly unemployed individuals search hard given that they are at a loss, but over time they get used to lower income, and thus reduce their search effort. In anticipation of...

We propose a model of job search with reference-dependent preferences, where the reference point is given by recent income. Newly unemployed individuals search hard given that they are at a loss, but over time they get used to lower income, and thus reduce their search effort. In anticipation of...