of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …