Search costs and the quit rate

Research output: Contribution to journalArticle

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
Publication statusPublished - 1995 Jul 1
Externally publishedYes

Fingerprint

Search costs
Quits
Wages
Hazard rate
Job search

Keywords

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

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Cite this

Search costs and the quit rate. / Kim, Dong Heon.

In: Economics Letters, Vol. 49, No. 1, 01.07.1995, p. 85-90.

Research output: Contribution to journalArticle

Kim, DH 1995, 'Search costs and the quit rate', Economics Letters, vol. 49, no. 1, pp. 85-90.
Kim, Dong Heon. / Search costs and the quit rate. In: Economics Letters. 1995 ; Vol. 49, No. 1. pp. 85-90.
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