combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K …

Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite … relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and …

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting …

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages … and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance …

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus … market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by …

for individual characteristics, local average human capital is positively correlated with individual wages, with estimated …