The association between reported and calculated reservation wages
Do reported reservation wages correspond to the concept of reservation wages that economists have? Using panel data on British unemployed I calculate reservation wages from a search model and compare these with reported reservation wages. It is shown that men's reported reservation wages are greater than what the model predicts, and that for women there is hardly a relation between the two variables.
Year of publication: |
2002-03-01
|
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Authors: | Böheim, René |
Institutions: | ESRC Research Centre on Micro-Social Change, Institute for Social and Economic Research (ISER) |
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