Reservation wages and the wage flexibility puzzle

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...

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Dades bibliogràfiques
Autors principals:	Koenig, F, Manning, A, Petrongolo, B
Format:	Journal article
Idioma:	English
Publicat:	MIT Press 2024

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