Key Elasticities in Job Search Theory: International Evidence
9 Pages Posted: 23 Sep 2004
Date Written: September 2004
This paper exploits the informational value of search theory, after Lancaster and Chesher (1983), in conjunction with survey data on the unemployed to calculate key reservation wage and duration elasticities for most EU-15 nations.
Keywords: reservation wages, probability of reemployment, accepted wages, unemployment benefits, Pareto wage offer distribution
JEL Classification: J64, J65
Suggested Citation: Suggested Citation