involves conditioning elapsed duration on completed unemployment duration in the reservation wage equation. Our analysis … duration coefficient suggests that higher reservation wages negatively influence the probability of exiting unemployment … confirms that the use of elapsed duration alone compounds two separate and opposing influences. Only with the inclusion of …

involves conditioning elapsed duration on completed unemployment duration in the reservation wage equation. Our analysis … duration coefficient suggests that higher reservation wages negatively influence the probability of exiting unemployment …. -- reservation wages ; unemployment duration ; control function …

strongly to unemployment duration. At any level of general joblessness, reducing long-term unemployment is more important than … reducing the number of people unemployed at any point in time. -- unemployment ; unemployment duration ; life satisfaction …The social costs of unemployment, in terms of unemployment's impact on European citizens' life satisfaction, relate …

law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …