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

Publication type

Journal Article

Authors

Publication date

June 1, 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

Volume: 28 , p.1 -1

DOI

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

ISSN

2649993

Subjects

Notes

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

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