Reference-Dependent Job Search: Evidence from Hungary

We thank Patrick Arni, Saurabh Bhargava, Lajos Bódis, Moshe Buchinsky, David Card, Henry Farber, Sebastian Findeisen, Gábor Kézdi, Patrick Kline, Matthew Rabin, Hedvig Horváth, Erzo Luttmer, Edward O'Donoghue, Daniele Paserman, Alex Rees-Jones, Emmanuel Saez, Mihály Szoboszlai, Owen Zidar and audiences at Boston University, Columbia, Cornell, Harvard, IZA, Mannheim (Department and ZEW), Tinbergen, UCLA, University of Regensburg, University of Zurich, the UCSB 2014 Behavioral Conference, the 2014 BEAM conference, the 2014 NBER Labor Studies Summer Institute, the Brookings conference on “Policy lessons from behavioral economics”, the 2016 ASSA meetings, and the Hungarian Society of Economists Annual Conference for very helpful comments. We are grateful to János Köllő, Kitti Varadovics, Mónika Bálint, Dániel Biró for giving us access to the administrative data and providing continuous help throughout the project, and to Nagy Csaba and Pelek Zsolt for explaining the practical implementation of the reform. We also thank Tristan Gagnon-Bartsch, Matthew Gudgeon, Avner Shlain, Jessica Shui, and Ferenc Szucs for excellent research assistance and Gautam Rao for sharing his code. Financial support from the Center for Equitable Growth at UC Berkeley, from the Alfred P. Sloan Foundation and from the National Science Foundation is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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