The Reservation Wage Unemployment Duration Nexus*
نویسندگان
چکیده
منابع مشابه
Unemployment and Small Cap Returns: The Nexus
In other work (Moscarini and Postel-Vinay, 2008, 2009a), we find a distinct cyclical pattern of the relative performance of large and small businesses in terms of net job creation. Large employers destroy proportionally more jobs during and right after recessions, and create proportionally more jobs late in expansions, relative to small employers. Differential size growth between small and larg...
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The reservation wage is an integral part of most theories of involuntary unemployment. We use panel data to examine the empirical determinants of the reservation wage in particular the inßuence of previous wages and consider what this implies for the evolution of the natural rate of unemployment. We Þnd that previous wages have a signiÞcant but relatively small effect on reservation wages (...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2012
ISSN: 0305-9049
DOI: 10.1111/j.1468-0084.2012.00717.x