Let me inform you of the following research seminar.

Date: August 15  (Fri.)  , 2025 
Time:5:00PM-6:30PM
Venue: 11th Floor, Bldg.No.2 Meeting Room B
Speaker: Dominik Robert Wehr   (Stockholm School of Economics) 
Organizer: Takuya Hasebe
Language: English

Title:
Firm Pay Premia and On-The-Job Search: Evidence from Linked Survey and Administrative Data
Abstract:
This paper presents novel evidence on the incidence of on-the-job search across the firm distribution, using data from a nationally representative survey linked to Swedish matched employer-employee records. I estimate that a 10 percentage point increase in a firm's pay premium reduces the likelihood of on-the-job search by 0.68 percentage points - nearly 1.5 times the effect size observed when considering individual pay alone. Using survey information on job satisfaction and non-pecuniary job attributes, I demonstrate that firm-level pay differences partly reflect compensating differentials implying downward bias in the estimated elasticity of search with respect to wages. Self-reported reasons for job search reveal that most downward moves in the job ladder are voluntary, and driven by non-pecuniary, idiosyncratic motives, consistent with recent theories of labor mobility. These findings have important implications for the role of search frictions in labor market competition.