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Key Elasticities in Job Search Theory: International Evidence

Author

Listed:
  • Addison, John T.

    () (University of South Carolina)

  • Centeno, Mario

    () (Banco de Portugal)

  • Portugal, Pedro

    () (Banco de Portugal)

Abstract

This paper exploits the informational value of search theory, after Lancaster and Chesher (1983), in conjunction with survey data on the unemployed to calculate key reservation wage and duration elasticities for most EU-15 nations.

Suggested Citation

  • Addison, John T. & Centeno, Mario & Portugal, Pedro, 2004. "Key Elasticities in Job Search Theory: International Evidence," IZA Discussion Papers 1314, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp1314
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    References listed on IDEAS

    as
    1. Addison, John T. & Centeno, Mario & Portugal, Pedro, 2004. "Reservation Wages, Search Duration, and Accepted Wages in Europe," IZA Discussion Papers 1252, Institute for the Study of Labor (IZA).
    2. Lancaster, Tony & Chesher, Andrew, 1983. "An Econometric Analysis of Reservation Wages," Econometrica, Econometric Society, vol. 51(6), pages 1661-1676, November.
    3. Pierre Cahuc & André Zylberberg, 2004. "Labor Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 026203316x, January.
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    Cited by:

    1. Silva, José I. & Vall-Castello, Judit, 2012. "Why Are So Many Disabled Individuals Not Working in Spain? A Job Search Approach," IZA Discussion Papers 6317, Institute for the Study of Labor (IZA).
    2. Héctor Sala & José I. Silva, 2009. "Flexibility at the margin and labour market volatility: The case of Spain," Investigaciones Economicas, Fundación SEPI, vol. 33(2), pages 145-178, May.

    More about this item

    Keywords

    reservation wages; probability of reemployment; accepted wages; Pareto wage offer distribution; unemployment benefits;

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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