high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of …

are that policy has effects on the stochastic behavior of key variables - measures that reduce unemployment also reduce … its persistence and increase the volatility of vacancies. Hiring subsidies and unemployment benefits have substantial …

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 …

sharply over the spell of unemployment; (2) the self-reported reservation wage predicts whether a job offer is accepted or … rejected; (3) the reservation wage is remarkably stable over the course of unemployment for most workers, with the notable … devoted to job search and the reservation wage help predict early exits from Unemployment Insurance (UI). -- unemployment …