of time-varying policy and institutional regressors. Yet another is our examination of unemployment and participation … lower participation, even if the unemployment effects are muted. Although we report some similar findings to Neumark and …

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

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