This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self-reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

paper shows that UI extensions at age thresholds reduced reemployment wages of job searchers in Germany. The UI extensions …This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …

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 …

reservation wages, including key policy variables such as unemployment insurance (UI), is scarce. In France, unemployed people … duration (PBD) on reservation wages and on other dimensions of job selectivity, using a difference-in-difference strategy. We … cannot reject that the elasticity of the reservation wage with respect to PBD is zero. Our results are precise and we can …

the labor market. The same holds for efficiency wages …

consistent with a view of the labor market in which firms post wages and workers direct their search based on these wages if …

differential effects of UI in booms and recessions, this paper exploits the fact that, in Germany, potential UI benefit duration is …

the Nordhaus framework as a key input into optimal patent policy design: namely, what is the elasticity of R&D investment …

agent with Epstein-Zin utility. In the applicable region, the elasticity of the put-options price with respect to maturity … is close to one. The elasticity with respect to exercise price is greater than one, roughly constant, and depends on the …