2021 Volume 18 Issue 1 Pages 1-16
This paper examines the validity of Neal [1999]'s two-step job search model, in which workers first search for a suitable career match and then search for a good employer match without changing careers. The results of the empirical analysis using Japanese data show that even in Japan, where the labor market is less flexible, and the job market is underdeveloped, the "two-step job search" is generally established at an early stage of the career. This result suggests that even in Japan, workers choose the suitable job through changing jobs.