Joint-search theory: New opportunities and new frictions

A-Tier
Journal: Journal of Monetary Economics
Year: 2012
Volume: 59
Issue: 4
Pages: 352-369

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The job-search problem of couples differs in significant ways from that of singles. We characterize the reservation wage strategies of a couple that perfectly pools income to understand the ramifications of joint search for individual labor market outcomes. Two cases are analyzed. First, when couples are risk averse and pool income, joint search yields new opportunities relative to single-agent search. Second, when spouses receive job offers from multiple locations and incur a cost when living apart, joint search features new frictions and can lead to worse outcomes than single-agent search.

Technical Details

RePEc Handle
repec:eee:moneco:v:59:y:2012:i:4:p:352-369
Journal Field
Macro
Author Count
3
Added to Database
2026-01-25