Duration Dependence and Labor Market Conditions: Theory and Evidence from a Field Experiment

We thank Marianne Bertrand, Eric Budish, Jon Guryan, Yosh Halberstam, Rob McMillan, Phil Oreopoulos, Paul Oyer, Yuanyan Wan, and seminar participants at University of Rochester, McGill University, Utah Winter Business Economics Conference, University of North Carolina, Duke University, Iowa University, McMaster University, George Mason University, and Oberlin College for helpful comments. We thank Thomas Bramlage, Rolando Capote, David Hampton, Mark He, Paul Ho, Angela Li, Eric Mackay, Aaron Meyer, Nabeel Thomas, Stephanie Wu, Steven Wu, Vicki Yang, and Dan Zangri for excellent research assistance. We thank Ben Smith for excellent research assistance and exceptional project management throughout the experiment, and we thank Bradley Crocker at HostedNumbers.com for assistance with setting up the local phone numbers used in the experiment. We gratefully acknowledge the Initiative on Global Markets at the University of Chicago Booth School of Business, the Neubauer Family Assistant Professorship, and the Connaught Fund for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.