Reservation wages and the wage flexibility puzzle
Using micro data for the UK and Germany, we provide novel evidence on the cyclical properties of reservation wages and estimate that wages and reservation wages are characterised by moderate and very similar degrees of cyclicality. Several job search models that quantitatively match the cyclicality...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
MIT Press
2024
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