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Cited by 437

The DOI matches its Crossref record; 43 of the 43 references it cites were found in a registry or an index.

Job Search and Impatience

Open access
DellaVigna, Stefano, Paserman, M. Daniele·2005·Journal of Labor Economics
DOI 10.1086/430286
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Abstract

How does impatience affect job search?More impatient workers search less intensively and set a lower reservation wage.The effect on the exit rate from unemployment is unclear.In this paper we show that, if agents have exponential time preferences, the reservation wage effect dominates for sufficiently patient individuals, so increases in impatience lead to higher exit rates.The opposite is true for agents with hyperbolic time preferences: more impatient workers search less and exit unemployment later.Using two large longitudinal data sets, we find that various measures of impatience are negatively correlated with search effort and the exit rate from unemployment, and are orthogonal to reservation wages.Overall, impatience has a large effect on job search outcomes in the direction predicted by the hyperbolic discounting model.

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Metadata

Authors
DellaVigna, S., & Paserman, M. D.
Venue
Journal of Labor Economics
Publisher
University of Chicago Press
Published
2005-07
Volume
23
Issue
3
Pages
527-588
ISSN
  • 0734-306X (ISSN-L)
  • 1537-5307
DOI
10.1086/430286
OpenAlex
W2032411477
Cited by
437
References
43
FWCI
31.61
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Job Search and Impatience. https://app.cochat.ai/papers/10.1086/430286
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DellaVigna, S., & Paserman, M. D. (2005). Job Search and Impatience. Journal of Labor Economics. https://doi.org/10.1086/430286

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