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 …

and Krueger (2002) that examined the relationship between the college that students attended in 1976 and the earnings they … estimate the return to various measures of college selectivity for a more recent cohort of students: those who entered college … in 1989. We also estimate the return to college selectivity for the 1976 cohort of students, but over a longer time …