Liquidity constraints, unemployed job search and labour market outcomes
Journal Publication ResearchOnline@JCUAbstract
Liquidity constraints prompt the unemployed to intensify their job search, but does that produce better labour market outcomes? Using longitudinal Australian data, we test the effect of objective proxy indicators of liquidity constraints on job search and concomitant labour market outcomes. We find that liquidity constraints, specifically their severe form 'hardship', intensify job search without improving short-run employment outcomes or objective job quality (if a job is secured), whereas subjective job quality outcomes are worse. Moreover, we find evidence that the quit intention is higher and the concomitant medium-run employment stability is lower for those who found jobs facing hardship.
Journal
Oxford Bulletin of Economics and Statistics
Publication Name
N/A
Volume
N/A
ISBN/ISSN
1468-0084
Edition
N/A
Issue
N/A
Pages Count
22
Location
N/A
Publisher
Blackwell Publishers Ltd
Publisher Url
N/A
Publisher Location
N/A
Publish Date
N/A
Url
N/A
Date
N/A
EISSN
N/A
DOI
10.1111/obes.12345