Wage aspirations and unemployment persistence

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dc.contributor.author Hogan, Vincent (Vincent Peter)
dc.date.accessioned 2009-03-06T15:13:06Z
dc.date.available 2009-03-06T15:13:06Z
dc.date.copyright UCD School of Economics 2003 en
dc.date.issued 2003-04
dc.identifier.uri http://hdl.handle.net/10197/935
dc.description.abstract The reservation wage is an integral part of most theories of involuntary unemployment. 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 signiÞcant 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 unemployment will adjust relatively quickly to shocks. en
dc.format.extent 291090 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Economics en
dc.publisher University College Dublin. Institute for the Study of Social Change (Geary Institute)
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series en
dc.relation.ispartofseries WP03/10 en
dc.relation.ispartofseries ISSC Discussion Paper Series
dc.relation.ispartofseries 2003/05
dc.relation.uri Wage aspirations and unemployment persistence (2004) en
dc.relation.uri http://hdl.handle.net/10197/64 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 Working Paper en
dc.internal.authorurl Vincent (Vincent Peter) Hogan (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/economics/drvincenthogan/home/ 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/2003/WP03.10.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Hogan|Vincent (Vincent Peter)|aut|UCD0011


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