Kneip, Alois; Merz, Monika; Storjohann, Lidia - 2013
or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate. We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a two-step conditional density estimator to retrieve the …