Labor market search effort with reference-dependent preferences

DOI10.1016/J.ECONLET.2017.04.016MaRDI QIDQ1673538zbMATH OpenOpenAlexFDO

Authors Mette Trier Damgaard

Publication date 12 September 2018

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://pure.au.dk/ws/files/120849553/Labor_market_search_effort_VOR17.pdf

zbMATH Keywords

job searchloss aversionsearch effortstochastic reference point

Mathematics Subject Classification ID

Individual preferences (91B08)

Recommendations

• Optimal consumption with reference-dependent preferences in on-the-job search and savings
• A model of reference-dependent preferences
• Evidence on job search models from a survey of unemployed workers in Germany
• Behavioral heterogeneity in dynamic search situations: theory and experimental evidence
• Reference dependence and market participation

Cites work

• A Theory of Disappointment Aversion
• Disappointment and Dynamic Consistency in Choice under Uncertainty
• Disappointment in Decision Making Under Uncertainty
• Prospect Theory: An Analysis of Decision under Risk

Cited in

(3)

• Optimal consumption with reference-dependent preferences in on-the-job search and savings
• LABOR MARKET SEARCH, INFORMALITY, AND SCHOOLING INVESTMENTS
• Evidence on job search models from a survey of unemployed workers in Germany

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