Arbeitspapier
Matching frictions and distorted beliefs: Evidence from a job fair experiment
We evaluate the impacts of a randomized job-fair intervention in which jobseekers and employers can meet at low cost. The intervention generates few hires, but it lowers participants' expectations and causes both firms and workers to invest more in search as predicted by a theoretical model; this improves employment outcomes for less educated jobseekers. Through a unique two-sided belief-elicitation survey, we confirm that firms and jobseekers have over-optimistic expectations about the market. This suggests that, beyond slowing down matching, search frictions have a second understudied cost: they entrench inaccurate beliefs, further distorting search strategies and labour-market outcomes.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 958
- Klassifikation
-
Wirtschaft
Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
Time Allocation and Labor Supply
Human Capital; Skills; Occupational Choice; Labor Productivity
Geographic Labor Mobility; Immigrant Workers
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
job-search strategy
recruitment
matching
expectations
beliefs
reservation wage
youth unemployment
Ethiopia
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Abebe, Girum
Caria, Stefano A.
Fafchamps, Marcel
Falco, Paolo
Franklin, Simon
Quinn, Simon
Shilpi, Forhad Jahan
- Ereignis
-
Veröffentlichung
- (wer)
-
Queen Mary University of London, School of Economics and Finance
- (wo)
-
London
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Abebe, Girum
- Caria, Stefano A.
- Fafchamps, Marcel
- Falco, Paolo
- Franklin, Simon
- Quinn, Simon
- Shilpi, Forhad Jahan
- Queen Mary University of London, School of Economics and Finance
Entstanden
- 2023