Chapter

The Internet and Job Search

Betsey Stevenson

in Studies of Labor Market Intermediation

Published by University of Chicago Press

Published in print December 2009 | ISBN: 9780226032887
Published online February 2013 | e-ISBN: 9780226032900 | DOI: http://dx.doi.org/10.7208/chicago/9780226032900.003.0003
The Internet and Job Search

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Economists have speculated on how new technology would change the labor market with the proliferation of the dot-coms and the skyrocketing the Internet use at home. Job posting boards are one of the clearest ways in which the Internet has increased information about available jobs; these boards are a small part of the Internet's impact on employment information. While there is little evidence that the unemployed have experienced shorter unemployment durations as a result, the Internet's ability to reduce the cost of on-the-job search may have changed the likelihood that a worker ends up unemployed. Employees who are better calibrated about their outside options are not only more likely to change employers, but they are in a better position to negotiate with their current employer. Thus, future research should consider whether the Internet is affecting wage compression within occupations.

Keywords: labor market; dot-coms; Internet; job posting boards; unemployment; wage compensation

Chapter.  8116 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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