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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Bibliografiske detaljer
Main Authors:	Koenig, F, Manning, A, Petrongolo, B
Format:	Journal article
Sprog:	English
Udgivet:	MIT Press 2024

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