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Keywords:asset accumulation 

Working Paper
Family Job Search and Wealth: The Added Worker Effect Revisited

We develop and estimate a model of family job search and wealth accumulation. Individuals' job finding and job separations depend on their partners' job turnover and wages as well as common wealth. We fit this model to data from the Survey of Income and Program Participation (SIPP). This dataset reveals a very asymmetric labor market for household members, who share that their job finding is stimulated by their partners' job separation, particularly during economic downturns. We uncover a job search-theoretic basis for this added worker effect and find that this effect is stronger with more ...
Working Papers , Paper 16-34

Working Paper
Family Job Search and Wealth: The Added Worker Effect Revisited

We propose and estimate a model of family job search and wealth accumula-tion with data from the Survey of Income and Program Participation (SIPP). This dataset reveals a very asymmetric labor market for household members who share that their job …nding is stimulated by their partners’ job separa-tion. We uncover a job search-theoretic basis for this added worker effect, which occurs mainly during economic downturns, but also by increased non-employment transfers. Thus, our analysis shows that the policy goal of in-creasing non-employment transfers to support a worker’s job search is ...
Working Papers , Paper 20-17

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