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of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10011405565
In this paper we provide the first evidence on workers' perceptions of the returns to job search effort. The perceived job finding probability is nearly linear in hours searched and only slightly concave for most respondents. While workers are over-optimistic about the probability of receiving a...
Persistent link: https://www.econbiz.de/10013209282
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 …
Persistent link: https://www.econbiz.de/10010246658
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 …
Persistent link: https://www.econbiz.de/10011452214
Persistent link: https://www.econbiz.de/10002226252
work which has examined the association between employee wages and unemployment - the "wage curve". …
Persistent link: https://www.econbiz.de/10010412654
higher education graduates. On average, accepted wages are almost 8% higher than reservation wages, but there is no fixed … predict if individuals are well informed about the wage structure that characterizes their labour market. -- reservation wages … ; starting wages ; job search …
Persistent link: https://www.econbiz.de/10009124672
or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate. We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a two-step conditional density estimator to retrieve the …
Persistent link: https://www.econbiz.de/10010204508
Persistent link: https://www.econbiz.de/10001744066
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 …
Persistent link: https://www.econbiz.de/10014581485