Great expectations: Past wages and unemployment durations
نویسندگان
چکیده
منابع مشابه
Great expectations: Past wages and unemployment durations☆
Decomposing wages into worker and firm wage components, we find that firm-fixed components are sizeable parts of workers' wages. If workers can only imperfectly observe the extent of firm-fixed components in their wages, they might be misled about the overall wage distribution. Such misperceptions may lead to unjustified high reservation wages, resulting in overly long unemployment durations. W...
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ژورنال
عنوان ژورنال: Labour Economics
سال: 2011
ISSN: 0927-5371
DOI: 10.1016/j.labeco.2011.06.009