Is it true that the longer a person is unemployed, the harder it is to find work? Yes, up to a point, a study suggests.Three economists sent out 12,000 fictitious résumés for 3,000 real job openings in 100 labor markets. On these résumés, they varied the employment status and, if the bogus worker was unemployed, the term of unemployment, from one to 36 months. Then they compared callbacks by employers to the duration of joblessness.They found that, for jobless applicants, the callback rate for positions after eight months is 4%, down from the level of 7% recorded at one month.
"Duration Dependence and Labor Market Conditions: Theory and Evidence from a Field Experiment," Kory Kroft, Fabian Lange and Matthew Notowidigdo, National Bureau of Economic Research Working Paper (September)
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