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 …

rates of older workers and women. The basic rationale is that workers choose non-employed if their reservation wages are … larger than the offered wages. Whereas the offered wages depend on workers' productivity and firms' decisions, reservation … wages are largely determined by workers' endowments and preferences for leisure. To shed some empirical light on this issue …

offers, the determinants of reservation wages, transitions out of unemployment, and accepted wages. In this exploratory … wages do decline with the jobless spell (and aggregate unemployment); that transitions out of unemployment exhibit strong … negative duration dependence for reasons that have more to do with the arrival rate of job offers than with reservation 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 …