Search Results
Title: On the Determinants of Reservation Wages: An Empirical Specification
Resulting in 1 citation.
| 1. |
Kim, Choongsoo |
|
On the Determinants of Reservation Wages: An Empirical Specification Columbus, OH, Center for Human Resource Research, The Ohio State University, 1981 Cohort(s): NLSY79 Publisher: Center for Human Resource Research Keyword(s): Job Search; Life Cycle Research; Unemployment; Wages, Reservation; Work History Under the assumption that the wage distribution is sufficiently characterized by the first and second moment, this paper develops an empirically tractable model where the above two pieces of information regarding the wage offer distribution play key roles in explaining the formation of reservation wages. The variance of the wage distribution, as a measure of the probability of finding a job, plays a significant role in explaining the formation of the reservation wages among the unemployed. The reservation wages are linearly related with the mean expected wages, and the elasticities are less than unity. The universe of the study includes white and black non- enrolled unemployed males from the l979 NLSY. |
|
|
Bibliography Citation
Kim, Choongsoo. "On the Determinants of Reservation Wages: An Empirical Specification." Columbus, OH, Center for Human Resource Research, The Ohio State University, 1981. |