Job Search and Impatience
研究发现不耐烦的工人求职更不积极且保留工资更低，但使用指数贴现模型和双曲贴现模型对失业退出率的影响方向相反；实际数据支持双曲贴现模型的预测。
Workers who are more impatient search less intensively and set lower reservation wages. The effect of impatience on exit rates from unemployment is therefore unclear. If agents have exponential time preferences, the reservation wage effect dominates for sufficiently patient individuals, so increases in impatience lead to higher exit rates. The opposite is true for agents with hyperbolic time preferences. Using two large longitudinal data sets, we find that impatience measures are negatively correlated with search effort and the unemployment exit rate and are orthogonal to reservation wages. Impatience substantially affects outcomes in the direction predicted by the hyperbolic model. I.