Economic Inquiry · 1976 · 1K citations · 55 references
Job AnalysisEconomicsBusinessEconomic AnalysisExperimental EconomicsLabor MarketLabor Market OutcomeLabor Force TrendLabor Market ImpactPersonnel EconomicsLabor EconomicsStatisticsUnemploymentJob SearchMicroeconomicsJob Search Models
The labor market is characterized by incomplete information, leading to optimally conducted search. The survey aims to provide a comprehensive analysis of job search and to discuss its empirical and policy implications. The survey examines a range of job search models within a microeconomic framework. The survey presents new results and explores empirical and policy implications of search theory.
Part I of this survey presents a comprehensive and inte- grated analysis of job search. The labor market is characterized by incomplete information and search is conducted in an optimal manner. A variety of job search models are studied in this microeconomic setting. The paper contains a number of new results. Part 11 of the survey [to appear in the September 1976 issue of Economic Inquiry] addresses the empirical and policy implications of search theory.
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Michael Spence · The Quarterly Journal of Economics · 1973 · 14.3K citations
Phillip Nelson · Journal of Political Economy · 1974 · 3.5K citations