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...

書目詳細資料
Main Authors:	Koenig, F, Manning, A, Petrongolo, B
格式:	Journal article
語言:	English
出版:	MIT Press 2024

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