An Analysis of Reservation Wages for the Economically Inactive

David H. Blackaby (), Paul L. Latreille (), Philip D. Murphy (), Nigel O'Leary () and Peter James Sloane
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David H. Blackaby: University of Wales Swansea
Philip D. Murphy: University of Wales Swansea
Nigel O'Leary: University of Wales Swansea

No 1980, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: This paper uses unique data for the economically inactive to calculate elasticity estimates of the reservation wage and exit probability with respect to state benefits and the arrival rate of job offers, and finds that the inactive react in similar ways to benefit increases as the unemployed.

Keywords: economic inactivity; reservation wages (search for similar items in EconPapers)
JEL-codes: J21 J22 J31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab
Date: 2006-02
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Related works:
Journal Article: An analysis of reservation wages for the economically inactive (2007)
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