Wage aspirations and unemployment persistence

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dc.contributor.author Hogan, Vincent (Vincent Peter)
dc.date.accessioned 2007-11-19T12:30:18Z
dc.date.available 2007-11-19T12:30:18Z
dc.date.copyright Copyright 2004, Elsevier en
dc.date.issued 2004
dc.identifier.citation Journal of Monetary Economics en
dc.identifier.issn 0304-3932
dc.identifier.uri http://hdl.handle.net/10197/64
dc.description.abstract We use panel data to examine the empirical determinants of the reservation wage– in particular the influence of previous wages– and consider what this implies for the evolution of the natural rate of unemployment. We find that previous wages have a significant but relatively small effect on reservation wages (an elasticity between 0.15 and 0.47). We also find considerable differences across genders with previous wages being more important for men and market wages being more important for women. Overall our results suggest that the reservation wage will adjust quite quickly to shocks. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Elsevier en
dc.subject Unemployment duration en
dc.subject Wages en
dc.subject.classification J64 en
dc.subject.classification E24 en
dc.subject.lcsh Unemployment--Effect of wages on en
dc.subject.lcsh Wages en
dc.title Wage aspirations and unemployment persistence en
dc.type Journal Article 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 not available en
dc.status Peer reviewed en
dc.identifier.volume 51 en
dc.identifier.issue 8 en
dc.identifier.startpage 1623 en
dc.identifier.endpage 1643 en
dc.identifier.doi 10.1016/j.jmoneco.2004.02.002
dc.neeo.contributor Hogan|Vincent (Vincent Peter)|aut|UCD0011


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