The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a … or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … Frisch elasticity and illustrate its main components: (i) the intensive and extensive adjustment of hours worked, (ii) the …

Using cross-country data, we investigate the determinants of reservation wages and their course over the jobless spell …. Higher unemployment benefits lead to higher reservation wages. Further, again consistent with the basic search model …, repeated observations on the same individual provide scant evidence of declining reservation wages …

income taxation on the ratio between reservation and net market wages. Based on micro data for Germany (SOEP) we show that …This paper extends previous research about the determinants of reservation wages by analysing the effect of progressive … joint income taxation in Germany which discriminates by marital status, has a strong and highly significant impact on the …

search productivity, it is also likely that individuals set higher reservation wages. We analyze these relations using a … novel data set of unemployed individuals in Germany containing extensive information on job search behavior and direct … relationship between the network size and reservation wages …

Using a large new dataset, we analyze the labor market performance of Portuguese workers in Germany. While previous … work compares wages and characteristics of migrants only to those of the natives, we match the data also with an equivalent …

public pension system. We calculate that, in the case of Germany, the fiscal consequences of the 6.4 year increase in age 65 …

dynamic monopsony framework. Applying duration models to a large administrative employer-employee data set for Germany, we … natives. Under monopsonistic wage setting the estimated elasticity differential predicts a 4.6 log points wage penalty for …