Do Job Seekers (Really) Procrastinate?

We elicited experimentally job seekers’ short-run and long-run time preferences over money and effort. We found that long-run impatience affects search effort and the reservation wage, but only when elicited in the effort domain. Both procrastination and present bias over money decrease job search effort, with negative effects on early search outcomes for the former and on the exit of unemployment for the later. Both preferences over financial trade-offs and arbitrages over leisure affect job search. However, this is only observed when eliciting time preferences with the Double Multiple Price List method but not with the Convex Time Budget method.