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dc.contributor.author Hogan, Vincent (Vincent Peter)
dc.date.accessioned 2008-07-11T09:07:52Z
dc.date.available 2008-07-11T09:07:52Z
dc.date.copyright Copyright held by UCD School of Economics en
dc.date.issued 1999-08
dc.identifier.uri http://hdl.handle.net/10197/326
dc.description.abstract Most theories of involuntary unemployment predict that the equilibrium wage in the labor market will be greater than the reservation wage of the unemployed. These theories concentrate on explaining why the labor market does not clear, with the market wage falling to the level of the reservation wage, as predicted by the classical paradigm. Relatively little, however, has been said about the behavior of reservation wages. This paper seeks to fill the gap in the literature. We look at the empirical determinants of the reservation wage and suggest what this implies for the evolution of the natural rate of unemployment. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin, School of Economics en
dc.relation.ispartofseries UCD Centre for Economics Research Working Paper Series en
dc.relation.ispartofseries WP99/16 en
dc.subject.lcsh Reservation wage en
dc.subject.lcsh Labor market en
dc.subject.lcsh Natural rate of unemployment en
dc.title The determinants of reservation wages en
dc.type Working Paper en
dc.internal.authorurl Vincent Hogan (web page) en
dc.internal.authorurl http://www.ucd.ie/economics/staff/vhogan/vhogan.html en
dc.internal.authorcontactother Email: vincent.hogan@ucd.ie; Tel: +353 1 716 8300 en
dc.internal.authorid UCD0011 en
dc.internal.availability Full text available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://www.ucd.ie/economics/research/papers/1999/WP99.16.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Hogan|Vincent (Vincent Peter)|aut|UCD0011


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