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Journal Article

Reservation wages, market wages and unemployment: analysis of individual level panel data

Authors

Publication date

2011

Summary


Using individual level panel data, we analyse the divergence between the reservation wages of individuals who are out of work and their predicted market wages, focusing upon identifying the factors that influence the potential divergence. In addition, using propensity score matching techniques, we explore the implications of such divergences for future employment and wages. Our findings suggest that having reservation wages that are high relative to the predicted market wage influence both future employment and future wages.

Published in

Economic Modelling

Volume and page numbers

28 , 1317 -1327

DOI

http://dx.doi.org/10.1016/j.econmod.2011.01.009

ISSN

16

Subjects

Econometrics, Unemployment, and Wages And Earnings

Links

http://serlib0.essex.ac.uk/record=b1613608~S5

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#519644


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