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Reservation wages and labor supply
Kesternich, Iris; Schumacher, Heiner; Siflinger, Bettina; … - 2020
Survey measures of the reservation wage reflect both the consumption-leisure trade-off and job search concerns (the arrival rate of job offers and the wage distribution). We examine what a survey measure of the reservation wage reveals about labor supply when search concerns are absent. To this...
Persistent link: https://www.econbiz.de/10012226766
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Reservation wages and labor supply
Kesternich, Iris; Schumacher, Heiner; Siflinger, Bettina; … - 2018
Persistent link: https://www.econbiz.de/10011951350
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The determinants of reservation wages in Germany : does a motivation gap exist?
Christensen, Björn - 2001
This paper investigates the reservation wages of unemployed persons on the basis of a job-search model with non …-static reservation wages using panel data from Germany from 1987 to 1998. The results suggest that reservation wages are relatively high … in Germany compared to other countries. Furthermore, pooled regression results show that most recent wages and personal …
Persistent link: https://www.econbiz.de/10011474420
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Reservation wages, offered wages, and unemployment duration : new empirical evidence
Christensen, Björn - 2002
This paper studies the reservation wages of unemployed persons and the wages offered them in Germany from 1987 to 1998 … wages, offered wages decline considerably with duration of unemployment. This is the main reason that ratios of reservation … wages to offered wages increase rapidly with duration of unemployment; on average, reservation wages begin to exceed offered …
Persistent link: https://www.econbiz.de/10011474648
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Labor market flows and equilibrium search unemployment
Garibaldi, Pietro; Wasmer, Etienne - 2001
of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10011405565
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Labor market flows and equilibrium search unemployment
Garibaldi, Pietro; Wasmer, Etienne - 2001
of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10001650586
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Reservation Wages and Labor Supply
Kesternich, Iris - 2019
We test what survey measures of the reservation wage reveal about individual labor supply, i.e., an individual's willingness to substitute leisure by consumption. To this end, we combine the reservation wage measure from a large labor market survey with the reservation wage for a one-hour job...
Persistent link: https://www.econbiz.de/10012896545
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Market Wages, Reservation Wages, and Retirement Decisions
Gordon, Roger H.; Blinder, Alan S. - 2021
. Reservation wages are derived from an explicit utility function in which the most critical taste parameter is assumed to vary both … systematically and randomly across individuals. Market wages are derived from a standard wage equation adjusted to the special … market and reservation wages) and the incentives set up by private pension plans are estimated to be major causes of …
Persistent link: https://www.econbiz.de/10013226093
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The determinants of reservation wages in Germany : does a motivation gap exist?
Christensen, Björn - 2001
Persistent link: https://www.econbiz.de/10013261126
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Reservation wages, offered wages, and unemployment duration : new empirical evidence
Christensen, Björn - 2002
Persistent link: https://www.econbiz.de/10013261177