. 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 …

the micro level means that the aggregate labour supply elasticity is not a structural parameter: any aggregate elasticity …

labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be … estimates for aggregate labor supply. Third, structural estimation of responses along the extensive (i.e., employment) margin …

of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … supply to individual hospitals is quite inelastic, with short-run elasticity around 0.1. We also find that non-VA hospitals … responded to the VA wage change by changing their own wages …

provinces. We examine monthly data on employment, wages, and hours across 8 industries and 10 provinces over the 1961- 1975 … period. We find that employment actually rose after the introduction of NHI; wages increased as well, while average hours …

reservation wages to unemployment benefits. Some existing estimates imply significant gains to raising the current level of … unemployment benefits in the United States, but highlight the need for more research on the determinants of reservation wages. Our …

The present paper examines the reservation wages reported by a largesample of unemployed individuals in the United … States in May 1976. The majorityof unemployedindividuals report reservation wages that are at least as highas the wage they … previous wages has a powerful effect on the individual's reservation wage. A ten percent increase in the U.I. replacement ratio …

of 2.0 to 3.0. With elasticities of this magnitude, wages and employment depend on both supply and demand factors, with …