LABOR MARKET SEARCH: AN EXPERIMENTAL STUDY

YALE M. BRAUNSTEIN, Andrew Schotter

    Research output: Contribution to journalArticle

    Abstract

    The theoretical results derived from models of economic search have implications which relate to the structure and performance of labor markets. Utilizing a series of laboratory experiments, we attempt to capture many of the features of workers' search and also the conditions under which labor markets operate. By varying certain of the experimental conditions, we are able to determine the searchers' responses to changes in the terms of unemployment insurance, to the existence of a minimum wage, and to different states of information about the underlying distribution of wages. In most cases the behavior of the searchers is consistent with that predicted by theory.

    Original languageEnglish (US)
    Pages (from-to)133-144
    Number of pages12
    JournalEconomic Inquiry
    Volume20
    Issue number1
    DOIs
    Publication statusPublished - 1982

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    ASJC Scopus subject areas

    • Business, Management and Accounting(all)
    • Economics and Econometrics

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