Search costs and the quit rate

Research output: Contribution to journalArticlepeer-review

Abstract

In a simple model of job search with belated information, we show that an increase in search costs decreases the expected probability of a quit, if the wage offer distribution possesses a monotonically increasing hazard rate property. The model is then applied to a marital search.

Original languageEnglish
Pages (from-to)85-90
Number of pages6
JournalEconomics Letters
Volume49
Issue number1
DOIs
Publication statusPublished - 1995 Jul
Externally publishedYes

Keywords

  • Hazard function
  • Quit rate
  • Search costs
  • Wage offer distribution

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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