On December 12, 2019, Fed in Print will introduce its new platform for discovering content. Please direct your questions to Anna Oates

Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of New York
Staff Reports
Job search behavior over the business cycle
Toshihiko Mukoyama
Christina Patterson
Aysegul Sahin
Abstract

We create a novel measure of job search effort starting in 1994 by exploiting the overlap between the Current Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time series and cross-state variation and find that it is countercyclical. About half of the countercyclical movement is explained by a cyclical shift in the observable characteristics of the unemployed. Individual responses to labor market conditions and drops in wealth are important in explaining the remaining variation.


Download Full text
Cite this item
Toshihiko Mukoyama & Christina Patterson & Aysegul Sahin, Job search behavior over the business cycle, Federal Reserve Bank of New York, Staff Reports 689, 01 Aug 2014.
More from this series
JEL Classification:
Subject headings:
Keywords: job search; time; use; business cycles
For corrections, contact Amy Farber ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal