Caliendo, Marco; Uhlendorff, Arne - In: Zeitschrift für ArbeitsmarktForschung - Journal for … 44 (2011) 1/2, pp. 119-125
The transition process from unemployment to employment is determined by the reservation wage and the search effort of the unemployed worker. The optimal search strategy depends on labour market institutions like the generosity of unemployment benefits and 'classical' characteristics like age and...