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 …

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 …

-static reservation wages using panel data from Germany from 1987 to 1998. The results suggest that reservation wages are relatively high … in Germany compared to other countries. Furthermore, pooled regression results show that most recent wages and personal … characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration …

This paper studies the reservation wages of unemployed persons and the wages offered them in Germany from 1987 to 1998 … wages, offered wages decline considerably with duration of unemployment. This is the main reason that ratios of reservation … wages to offered wages increase rapidly with duration of unemployment; on average, reservation wages begin to exceed offered …

work which has examined the association between employee wages and unemployment - the "wage curve". … enter into employment, and unemployment in the local area district. Largely unexplored in the literature this adds to the …

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 …