labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages … labor force and rises the share of attached workers. Finally, our theory suggests that contrary to two-state models …

weakly to changes in wages. We estimate a multi-sector model of nursing qualification holders' labour supply in different … wage elasticities might be higher than previous research has found. This is mainly due to the effect of wages on the … respect to income are higher for nurses with children, while the positive elasticities with respect to wages are higher for …

how the magnitude of the estimated elasticities varies depending on whether net or gross wages and income are used in the … changes in their own or spouses' wages. …

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and …-Economic Panel) provides an interesting perspective on how reservation wages change over time and how they correlate with accepted …

theory we then provide a summary of empirical estimates and the methodology underlying the studies. Our conclusion is that …

Pareto-improvement if labour supply is excessive due to relative consumption effects. Mandatory profit sharing reduces wages …