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Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation

✍ Scribed by M. Daniele Paserman

Book ID: 111056069
Publisher: John Wiley and Sons
Year: 2008
Tongue: English
Weight: 755 KB
Volume: 118
Category: Article
ISSN: 0013-0133
DOI: 10.1111/j.1468-0297.2008.02175.x

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## Abstract This paper considers a job search model in which the environment is not constant throughout the unemployment spell and where jobs do not last for ever. In this situation, reservation wages can be lower than they would be in a model without consideration of such separations, but they can