Full Citation

Title: The persistent impact of multiple offers

Citation Type: Journal Article

Publication Year: 2022

ISBN:

ISSN: 0927-5371

DOI: 10.1016/J.LABECO.2021.102101

NSFID:

PMCID:

PMID:

Abstract: In search of a job, a worker may receive more than one offer. Focusing on new hires from non-employment, this paper documents (1) over 30% of them had multiple offers simultaneously just before starting the present job, (2) the probability of having multiple offers is negatively correlated with the unemployment rate, and (3) relative to workers with one offer, comparable workers with multiple offers enjoy a persistent wage premium of over 10% for about nine years. The findings have implications for understanding the contribution of search frictions to wage inequality and the sullying effect of recessions.

Url: https://doi.org/10.1016/j.labeco.2021.102101

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Authors: Guo, Junjie

Periodical (Full): Labour Economics

Issue:

Volume: 74

Pages: 102101

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

Countries: