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 …

of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

elasticity of labor supply can be near zero. This paper proposes a tractable theory of earnings and working time to interpret … data, revealing a Frisch elasticity of around 0.5. A quasi-experimental approach that exploits only idiosyncratic variation … would find an elasticity less than half this. …

should be higher, about 2.2. Together with prior estimates of the quit elasticity these results imply that wages are 72 … offered wage, but there is very little research on this. This paper presents a methodology for estimating the wage elasticity … of recruitment and applies it to German data. Our estimates of the wage elasticity of recruitment are about 1.4. We also …

variable elasticity of substitution (VES-W) framework that embodies a variable elasticity of substitution and a share parameter … variable elasticity of substitution. While the estimated structural parameters calibrate the actual output level and the …

of couples' commuting, wages, labor supply, and consumption. Using data from the PSID for the years 2011-2019, results … indicate a positive and highly significant correlation between wages and commuting when analyzed cross-sectionally. However …, changes in wages and commuting over an individual's life cycle are not related. Additionally, commuting appears to be …

composition within the household. -- Optimal taxation of married couples ; joint taxation ; labor supply estimation …

duration dependence in the exit rates to employment and potential depreciation in reemployment wages. We show that the main …