Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35253 
Year of Publication: 
2008
Series/Report no.: 
IZA Discussion Papers No. 3357
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
This paper exploits survey information on reservation wages and data on actual wages from the European Community Household Panel to deduce in the manner of Lancaster and Chesher (1983) additional parameters of a stylized structural search model; specifically, reservation wage and transition/duration elasticities. The informational requirements of this approach are minimal, thereby facilitating comparisons between countries. Further, its policy content is immediate insofar as the impact of unemployment benefit rules and measures increasing the arrival rate of job offers are concerned. These key elasticities are computed for the United Kingdom and eleven other European nations.
Subjects: 
Reservation wages
probability of reemployment
accepted wages
unemployment benefits
arrival rate of job offers
wage offer distributions
JEL: 
J64
Document Type: 
Working Paper

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