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Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …
Persistent link: https://www.econbiz.de/10011452214
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model - even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …
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Unemployment insurance provides temporary cash benefits to eligible unemployed workers. Benefits are sometimes extended … worker's reservation wages are studied when policymakers can make discretionary extensions to benefits. A worker's optimal … labor-supply choice is characterized by a sequence of reservation wages that increases with weeks of remaining benefits. The …
Persistent link: https://www.econbiz.de/10014391730
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …
Persistent link: https://www.econbiz.de/10012999021
Problemstellung -- Arbeitslosigkeit in Deutschland: Fakten und mögliche Erklärungen -- Ein einfaches Modell zur …Liegt eine Ursache der anhaltend hohen Arbeitslosigkeit in Deutschland in der Höhe der Lohnansprüche der Arbeitslosen …? Dieser Frage geht die Studie anhand empirischer Untersuchungen nach. Sie zeigt, dass die Lohnansprüche in Deutschland - auch …
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Survey measures of the reservation wage reflect both the consumption-leisure trade-off and job search concerns (the arrival rate of job offers and the wage distribution). We examine what a survey measure of the reservation wage reveals about labor supply when search concerns are absent. To this...
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