This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and macroeconomic factors - including the unemployment rate and generosity of the unemployment compensation system - as well as individual-specific determinants, such as human capital...

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and macroeconomic factors - including aggregate and local unemployment rates, generosity of the unemployment compensation system and characteristics of the wage structure - as well as...

Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining coverage is much higher than union density; and not all employees in a covered firm are necessarily covered. This institutional setup suggests to explicitly distinguish union...