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Mismatch unemployment and the geography of job search
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Marinescu, Ioana and Rathelot, Roland (2018) Mismatch unemployment and the geography of job search. American Economic Journal : Macroeconomics, 10 (3). pp. 42-70. doi:10.1257/mac.20160312
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Official URL: https://doi.org/10.1257/mac.20160312
Abstract
Could we significantly reduce U.S. unemployment by helping job seekers move closer to jobs? Using data from the leading employment board CareerBuilder.com, we show that, indeed, workers dislike applying to distant jobs: job seekers are 35% less likely to apply to a job 10 miles away from their ZIP code of residence. However, because
job seekers are close enough to vacancies on average, this distaste for distance is fairly inconsequential: our search and matching model predicts that relocating job seekers to minimize unemployment would decrease unemployment by only 5.3%. Geographic mismatch is thus a minor driver of aggregate unemployment.
| Item Type: | Journal Article | ||||||
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| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
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| Divisions: | Faculty of Social Sciences > Economics | ||||||
| Library of Congress Subject Headings (LCSH): | Labor market -- United States, Unemployment -- Government policy -- United States, Global Financial Crisis, 2008-2009, Labor economics, Job hunting, Employment agencies -- United States | ||||||
| Journal or Publication Title: | American Economic Journal : Macroeconomics | ||||||
| Publisher: | American Economic Association | ||||||
| ISSN: | 1945-7707 | ||||||
| Official Date: | July 2018 | ||||||
| Dates: |
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| Date of first compliant deposit: | 31 October 2017 | ||||||
| Volume: | 10 | ||||||
| Number: | 3 | ||||||
| Page Range: | pp. 42-70 | ||||||
| DOI: | 10.1257/mac.20160312 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access |
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