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While widely accepted labor market search models imply a constant reservation wage policy, empirical evidence strongly suggests that reservation wages decline in search duration. This paper reports the results of the first real-time-search laboratory experiment. The controlled environment...
Persistent link: https://www.econbiz.de/10008924591
Persistent link: https://www.econbiz.de/10005563376
The authors provide a framework within which the child-support compliance decisions of noncustodial fathers and the child-support awards set by institutional agents can be coherently interpreted. The model of child-support transfers is able to capture qualitatively the features of the monthly...
Persistent link: https://www.econbiz.de/10005821852