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dc.contributor.authorLeppin, Julian Sebastianen_US
dc.date.accessioned2012-05-07en_US
dc.date.accessioned2012-05-14T10:01:32Z-
dc.date.available2012-05-14T10:01:32Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/57919-
dc.description.abstractThis paper examines the predictive power of different estimation approaches for reservation wages. It applies stochastic frontier models for employed workers and the approach from Kiefer and Neumann (1979b) for unemployed workers. Furthermore, the question of whether or not reservation wages decrease over the unemployment period is addressed. This is done by a pseudo-panel with known reservation wages which uses data from the German Socio-Economic Panel as a basis. The comparison of the estimators is carried out by a Monte Carlo simulation. The best results are achieved by the cross-sectional stochastic frontier model. The Kiefer-Neumann approach failed to predict the decreasing reservation wages correctly.en_US
dc.language.isoengen_US
dc.publisherHWWI Institute of International Economics Hamburgen_US
dc.relation.ispartofseriesHWWI research paper 124en_US
dc.subject.jelC21en_US
dc.subject.jelC23en_US
dc.subject.jelJ64en_US
dc.subject.ddc330en_US
dc.subject.keywordjob search theoryen_US
dc.subject.keywordMonte Carlo simulationen_US
dc.subject.keywordreservation wagesen_US
dc.subject.keywordstochastic wage frontiersen_US
dc.titleThe estimation of reservation wages: A simulation-based comparisonen_US
dc.typeWorking Paperen_US
dc.identifier.ppn715303546en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:hwwirp:124-
Appears in Collections:HWWI Research Papers, Hamburgisches WeltWirtschaftsInstitut

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