In this paper we analyse the role of wage expectations in an empirical model of incomplete spells of unemployment and reservation wages. To be specific, we model the duration of unemployment, reservation wages and expected wages simultaneously for a sample of individuals who are not in work,...

Teen motherhood continues to be high in the US and the UK relative to most other western European countries. While recent research has clarified how effective policies to reduce teen motherhood might be (Kearney (2009)), there remains little evidence that quantifies the causal effects of teen...