Job Search, Wages, and Inflation by Laura Pilossoph

Join us for this weeks Macroeconomics Research Seminar, Autumn Term 2022.

Dr Laura Pilossoph from Trinity College of Arts and Sciences at Duke University will present this weeks Macroeconomics seminar on Job Search, Wages, and Inflation

This seminar will be held on campus in the Economics Common Room at 1pm on Friday 7 October. This event is open to all levels of study and is also open to the public. To register your place, please contact the seminar organisers.

Abstract

How does inflation effect the job search behaviour of workers, given that wages are typically set in nominal terms? Using data from the Survey of Consumer Expectations, we show that currently employed households who expect higher inflation are more likely to search for jobs and are more likely to have a job-to-job transition over the short term. We then develop a search model with search on the job in which wages are set in nominal terms, and workers endogenously search for outside offers. In the model, workers search harder when inflation rises, consistent with the data.

This event is part of the Macroeconomics Research Seminar Series.