Abebe, Girum; Caria, Stefano A.; Fafchamps, Marcel; … - 2023
. The intervention generates few hires, but it lowers participants' expectations and causes both firms and workers to invest … a unique two-sided belief-elicitation survey, we confirm that firms and jobseekers have over-optimistic expectations … about the market. This suggests that, beyond slowing down matching, search frictions have a second understudied cost: they …