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What Determines the Reservation Wages of Unemployed Workers? New Evidence from German Micro Data

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dc.creator Prasad, Eswar S.
dc.date 2003
dc.date.accessioned 2013-10-16T07:11:38Z
dc.date.available 2013-10-16T07:11:38Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20643
dc.identifier ppn:362046069
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20643
dc.description This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and macroeconomic factors – including aggregate and local unemployment rates, generosity of the unemployment compensation system and characteristics of the wage structure – as well as individual-specific determinants, including proxies for general and specific human capital, length of unemployment spell and alternative income sources. The longitudinal aspect of the dataset (the German Socio-Economic Panel) provides an interesting perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who make the transition from unemployment to employment. The findings have important policy implications as well, since they shed some light on the disincentive effects of the German tax and transfer system for the labor supply and employment decisions of unemployed workers at different points of the skill/offer wage distribution.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 694
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J3
dc.subject J6
dc.subject ddc:330
dc.subject reservation wage
dc.subject labor supply disincentives
dc.subject offer wage distribution
dc.subject unemployment and employment determinants
dc.subject Arbeitslosigkeit
dc.subject Lohn
dc.subject Anspruchslohn
dc.subject Arbeitsangebot
dc.subject Schätzung
dc.subject Deutschland
dc.title What Determines the Reservation Wages of Unemployed Workers? New Evidence from German Micro Data
dc.type doc-type:workingPaper


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