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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awduron:	Koenig, F, Manning, A, Petrongolo, B
Fformat:	Journal article
Iaith:	English
Cyhoeddwyd:	MIT Press 2024

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