Job Search: The Choice of Intensity

We integrate the optimal sequential and the optimal sample-size search strategies. In contrast to the existing search literature in which individuals specialize in either search or work, the model in this paper allows for an optimal choice of search intensity that results in individuals' choosing to work and search simultaneously. The existing sequential search strategy literature follows optimal stopping theory in treating work as an absorbing state. We do not, however, require the searcher to stay in a job once it has been accepted but derive this behavior as a result of the searcher's optimization problem.