An alternative method of estimating the worker's reservation wage
This study follows the standard bivariate decision theory of employment and proposes an alternative technique to estimate reservation wages of employed, unemployed and out-of-labor-force (OLF) workers. The validity of this approach is demonstrated by testing several reservation wage hypotheses recommended in earlier studies. Using reservation wages estimated under this new approach, the study further examines the determinants of this important variable.
Volume (Year): 19 (2005)
Issue (Month): 4 ()
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- Bloemen, Hans G & Stancanelli, Elena G F, 2001.
"Individual Wealth, Reservation Wages, and Transitions into Employment,"
Journal of Labor Economics,
University of Chicago Press, vol. 19(2), pages 400-439, April.
- Bloemen, H.G. & Stancanelli, E.G.F., 1997. "Individual Wealth, Reservation Wages and Transitions into Employment," Discussion Paper 1997-02, Tilburg University, Center for Economic Research.
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- Hans Bloemen & Elena Stancanelli, 2001. "Individual Wealth, Reservation Wages, and Transitions into Employment," Post-Print hal-01017002, HAL.
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- Donald Haurin & Kala Sridhar, 2003. "The impact of local unemployment rates on reservation wages and the duration of search for a job," Applied Economics, Taylor & Francis Journals, vol. 35(13), pages 1469-1476.
- Karen Leppel, 1989. "Determinants of the Value of the Mother's Time: Evidence from a Developing Country," The American Economist, , vol. 33(1), pages 61-68, March.
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- Kenneth Burdett & Tara Vishwanath, 1988. "Declining Reservation Wages and Learning," Review of Economic Studies, Oxford University Press, vol. 55(4), pages 655-665.
- Narendranathan, Wiji & Nickell, Stephen, 1985. "Modelling the process of job search," Journal of Econometrics, Elsevier, vol. 28(1), pages 29-49, April. Full references (including those not matched with items on IDEAS)
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