Belot, M., Kircher, P. and Muller, P.  <br/><br/>
How wage announcements affect job search : a field experiment 

 - American Economic Journal: Macroeconomics  
 - 14(4), Oct, 2022: p.1-67 
<br/><br/> In a field experiment, we study how job seekers respond to posted wages by assigning wages randomly to pairs of otherwise similar vacancies in a large number of professions. Higher wages attract significantly more interest. Still, a nontrivial number of applicants only reveal an interest in the low-wage vacancy. With a complementary survey, we show that external raters perceive higher-wage jobs as more competitive. These findings qualitatively support core predictions of theories of directed/competitive search, though in the simplest calibrated model, applications react too strongly to the wage. We discuss extensions such as on-the-job search that rectify this. – Reproduced