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This paper develops an algorithm for analyzing discrete events, such as labor market transitions, when some of these transitions are spurious because of measurement errors. Our algorithm extends the standard multinomial logit model, although our basic approach could be used with other stochastic...
Persistent link: https://www.econbiz.de/10012474516
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
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/10013324640
This paper develops an algorithm for analyzing discrete events, such as labor market transitions, when some of these transitions are spurious because of measurement errors. Our algorithm extends the standard multinomial logit model, although our basic approach could be used with other stochastic...
Persistent link: https://www.econbiz.de/10013247270
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