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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...
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Germany when a unit of earnings from Germany allows for larger consumption at home settle for lower entry wages, but …We relate origin-destination real price differences to immigrants' reservation wages and their career trajectories …, exploiting administrative data from Germany and the 2004 enlargement of the European Union. We find that immigrants who enter …
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Shortage of nurses is a problem in several countries. It is an unsettled question whether increasing wages constitute a …,638 individuals over 6 years totalling 69,122 observations. The estimated wage elasticity after controlling for individual …
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expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime … income in East Germany. The bias difference in labor market expectations explains part of the East-West German wage gap. …
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. 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 …
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