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The Internet and Job Search

The Internet and Job Search

Chapter:
(p.67) 2 The Internet and Job Search
Source:
Studies of Labor Market Intermediation
Author(s):
Betsey Stevenson
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226032900.003.0003

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

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