Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/44173 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 5077
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
A thorny problem in identifying the determinants of reservation wages and particularly the role of continued joblessness in their evolution is the simultaneity issue. We deploy a natural control function approach to the problem that involves conditioning elapsed duration on completed unemployment duration in the reservation wage equation. Our analysis confirms that the use of elapsed duration alone compounds two separate and opposing influences. Only with the inclusion of completed duration is the negative effect of continued joblessness on reservation wages apparent. For its part, the completed duration coefficient suggests that higher reservation wages negatively influence the probability of exiting unemployment.
Schlagwörter: 
reservation wages
unemployment duration
control function
JEL: 
J64
J65
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
111.81 kB





Publikationen in EconStor sind urheberrechtlich geschützt.