Call it “pink slip stigma.” When you don’t have a job, it’s harder to convince a new employer to give you one. And we all know the longer you’re out of the game, the harder it gets. What we didn’t know was exactly how hard. Now, thanks to some sneaky economists, using 12,000 fake resumes, there’s some solid data.
Co-author of a new study, Professor Fabian Langer at McGill University in Montreal, shares the results with Maggie McKay and Michael Shappee:.
The study, “Duration Dependence and Labor Market Conditions: Theory and Evidence from a Field Experiment,” was published by the National Bureau of Economic Research.
The best advice for job-seekers is to not rely on online job postings, but rather to chat up friends and colleagues, go to networking events, and make personal connections.