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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/10013058313
higher education graduates. On average, accepted wages are almost 8% higher than reservation wages, but there is no fixed …
Persistent link: https://www.econbiz.de/10013131168
work which has examined the association between employee wages and unemployment – the 'wage curve' …
Persistent link: https://www.econbiz.de/10013045839
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/10012999021
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 …
Persistent link: https://www.econbiz.de/10013324854
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/10013073510
search productivity, it is also likely that individuals set higher reservation wages. We analyze these relations using a … relationship between the network size and reservation wages …
Persistent link: https://www.econbiz.de/10013138467
We use individual data for Great Britain over the period 1992-2009 to compare the probability that employed and unemployed job seekers find a job and the quality of the job they find. The job finding rate of unemployed job seekers is 50 percent higher than that of employed job seekers, and this...
Persistent link: https://www.econbiz.de/10013121923
the labor market reintegration, patterns of job search, and reservation wages across unemployed migrants and natives in … this finding by arguing that this group exerts a relatively low search effort and that it has reservation wages which are …
Persistent link: https://www.econbiz.de/10013152952
This study examines the relationship between individual risk aversion and reservation wages using a novel set of direct … significantly negative impact on the level of reservation wages. Moreover, we show that the elasticity of the reservation wage with …
Persistent link: https://www.econbiz.de/10012773519