How wage announcements affect job search behavior – a field experiment

American Economic Journal – Macroeconomics, forthcoming 2022, with Michèle Belot and Paul Muller.

In 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, but still a non-trivial number of applicants only reveal an interest
in the low wage vacancy – qualitatively in line with a directed search model with multiple applications and on-the-job search.

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