Article ID Journal Published Year Pages File Type
5059766 Economics Letters 2013 4 Pages PDF
Abstract
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 reservation wages.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Reservation wages, expected wages and unemployment
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