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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 …
Persistent link: https://www.econbiz.de/10014336387
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. …
Persistent link: https://www.econbiz.de/10014247564
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model - even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …
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Does competition in the labor market affect wage inequality? Standard textbook monopsony models predict that lower employer labor market power reduces wage dispersion. We test this hypothesis using Social Security data from Lithuania. We first fit a two-way fixed effects model to quantify the...
Persistent link: https://www.econbiz.de/10014444069