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. Reservation wages are derived from an explicit utility function in which the most critical taste parameter is assumed to vary both … systematically and randomly across individuals. Market wages are derived from a standard wage equation adjusted to the special … market and reservation wages) and the incentives set up by private pension plans are estimated to be major causes of …
Persistent link: https://www.econbiz.de/10012478623
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/10012458793
A model is presented in which people base their labor search strategy on the average wage and the average unemployment duration of people who belong to their peer group. It is shown that, if the distribution of wage offers is not stationary so lower wage offers tend to arrive before higher wage...
Persistent link: https://www.econbiz.de/10012460022
Italy that combines Social Security earnings records for employees with detailed financial information for employers to … strong evidence of rent-sharing, with a "Lester range" of variation in wages between profitable and unprofitable firms of …
Persistent link: https://www.econbiz.de/10012462464
The present paper examines the reservation wages reported by a largesample of unemployed individuals in the United … States in May 1976. The majorityof unemployedindividuals report reservation wages that are at least as highas the wage they … previous wages has a powerful effect on the individual's reservation wage. A ten percent increase in the U.I. replacement ratio …
Persistent link: https://www.econbiz.de/10012478157
This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany in 1976. The theoretical section presents the derivation of an optimal reservation wage and shows the source of an ambiguity of some explanatory variables. The data basis are...
Persistent link: https://www.econbiz.de/10012478551
of search on- and off- the job with learning, and show that it is far better able to fit the data on reservation wages …
Persistent link: https://www.econbiz.de/10012480641
with search effort and the exit rate from unemployment, and are orthogonal to reservation wages. Overall, impatience has a …
Persistent link: https://www.econbiz.de/10012467852
reservation wages, including key policy variables such as unemployment insurance (UI), is scarce. In France, unemployed people … duration (PBD) on reservation wages and on other dimensions of job selectivity, using a difference-in-difference strategy. We …
Persistent link: https://www.econbiz.de/10012455275
accept prevailing wages for providing this service. An Uber-style arrangement offers workers flexibility in both setting a … surplus generated by this flexibility. We estimate how drivers' reservation wages vary from hour to hour, which allows us to … wages, they would also reduce the hours they supply by more than two-thirds …
Persistent link: https://www.econbiz.de/10012455385