Reservation wages, expected wages and unemployment

Article English OPEN
Brown, S; Taylor, K;
(2013)

We model unemployment duration, reservation and expected wages simultaneously for individuals not in work, where wage expectations are identified via an exogenous policy shock. The policy shock increased expected wages, which were found to be positively associated with ... View more
  • References (7)

    Addison, J., Centeno, M., Portugal, P., 2010. Unemployment benefits and reservation: key elasticities from a stripped-down job search approach. Economica 77 (305), 46-59.

    Blackaby, D.H., Latreille, P., Murphy, P.D., O'Leary, N.C., Sloane, P.J., 2007. An analysis of reservation wages for the economically inactive. Economics Letters 97 (1), 1-5.

    Brewer, M., Duncan, A., Shephard, A., Suárez, M., 2006. Did working families tax credit work? the impact of in-work support on labour supply in Great Britain. Labour Economics 13, 699-720.

    Hogan, V., 2004. Wage aspirations and unemployment persistence. Journal of Monetary Economics 51, 1623-1643.

    Jones, S., 1988. The relationship between unemployment spells and reservation wages as a test of search theory. Quarterly Journal of Economics 103 (4), 741-765.

    Lancaster, T., Chesher, A., 1983. An econometric analysis of reservation wages. Econometrica 51, 1661-1676.

    Mundlak, Y., 1978. On the pooling of time series and cross section data. Econometrica 46, 69-85.

  • Metrics
Share - Bookmark