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Do Job Seekers (Really) Procrastinate?

Author

Listed:
  • Maxime Le Bihan

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique)

  • Marie Claire Villeval

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique)

Abstract

We experimentally investigated whether job seekers' short-run and long-run time preferences over money and effort influence job search intensity and outcomes. Our findings indicate that long-run impatience impacts search effort and the reservation wage, but only when elicited in the effort domain. Both procrastination and present bias over money reduce job search efforts, with procrastination negatively influencing early search outcomes and present bias affecting the exit from unemployment. Preferences over financial trade-offs and leisure arbitrages also affect job search, but this is only observed when time preferences are elicited using the Double Multiple Price List method, not the Convex Time Budget method.

Suggested Citation

  • Maxime Le Bihan & Marie Claire Villeval, 2024. "Do Job Seekers (Really) Procrastinate?," Working Papers hal-04743505, HAL.
  • Handle: RePEc:hal:wpaper:hal-04743505
    Note: View the original document on HAL open archive server: https://hal.science/hal-04743505v1
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