Laboratory experiments with a finite-horizon job-search model

James C. Cox, Ronald L Oaxaca

Research output: Contribution to journalArticle

63 Citations (Scopus)

Abstract

In this article we explain the essential role of controlled experiments in testing job-search models. We derive the testable implications of a finite-horizon job-search model and lay out the design of the controlled experiments that we use to test those implications. We present the results of several parametric and nonparametric tests, all conditional on the actual draws of the wage offers. Overall, we find close agreement between the predictions of the search model and observations of search duration and income for several experimental treatments.

Original languageEnglish (US)
Pages (from-to)301-329
Number of pages29
JournalJournal of Risk and Uncertainty
Volume2
Issue number3
DOIs
StatePublished - Sep 1989

Fingerprint

Laboratory experiments
Finite horizon
Job search
Experiment
Layout
Nonparametric test
Prediction
Wages
Testing
Income

Keywords

  • controlled experiments
  • decision theory
  • job-search models

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Accounting

Cite this

Laboratory experiments with a finite-horizon job-search model. / Cox, James C.; Oaxaca, Ronald L.

In: Journal of Risk and Uncertainty, Vol. 2, No. 3, 09.1989, p. 301-329.

Research output: Contribution to journalArticle

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