Leppin, Julian S. - In: Journal of Economics and Statistics (Jahrbuecher fuer … 234 (2014) 5, pp. 603-634
This paper examines the predictive power of different estimation approaches for reservation wages. It applies stochastic frontier models for employed persons and the approach from Kiefer and Neumann (1979b) for unemployed persons. Furthermore, the question of whether or not reservation wages...