Albrecht, James W.; Decreuse, Bruno; Vroman, Susan B. - 2020
assume that job seekers direct their search based on the listing age and so equalize the expected benefit of a job … externality decreases with the age of the listing when the match is formed. Relative to the constrained efficient search behavior …, the directed search of job seekers leads them to over-apply to younger listings. We illustrate the model using US labor …