The Reservation Wage Curve: Evidence from the UK
11 Pages Posted: 11 Oct 2014
We investigate the relationship between an individuals' reservation wage, i.e. the lowest wage acceptable in order to enter into employment, and unemployment in the local area district. Largely unexplored in the literature this adds to the work which has examined the association between employee wages and unemployment – the 'wage curve'.
Keywords: reservation wages, wage curve, unemployment
JEL Classification: J64, J31, R23
Suggested Citation: Suggested Citation