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...

Täydet tiedot

Bibliografiset tiedot
Päätekijät: Koenig, F, Manning, A, Petrongolo, B
Aineistotyyppi: Journal article
Kieli:English
Julkaistu: MIT Press 2024