The Life-Cycle Profile of Time Spent on Job Search
Mark Aguiar, Erik Hurst, Loukas Karabarbounis
American Economic Review · 2013 · Volume 103 · Issue 3
Abstract
Using time use survey data we document a hump-shaped profile of job search time in the United States across the life-cycle. The middle-aged unemployed spend roughly three times as much time in job search as the youngest group of unemployed. The hump-shaped profile of job search time is relatively stable across demographic groups. However, the profile of job search time appears to be declining in non-US countries. We discuss how standard life-cycle models with incomplete markets have difficulty in accounting for the hump-shaped profile found in the US data.
Keywords
Consumer Economics: Empirical Analysis, Intertemporal Consumer Choice, Life Cycle Models and Saving, Time Allocation and Labor Supply, Unemployment: Models, Duration, Incidence, and Job Search
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