000			01158nam a22001457a 4500
999			_c520991 _d520991
008			221207b ||||| |||| 00| 0 eng d
100			_aBelot, M., Kircher, P. and Muller, P. _935757
245			_aHow wage announcements affect job search : a field experiment
260			_aAmerican Economic Journal: Macroeconomics
300			_a14(4), Oct, 2022: p.1-67
520			_aIn 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
773			_a American Economic Journal: Macroeconomics
906			_aEMPLOYMENT
942			_cAR