Unemployment Benefits and Reservation Wages: Key Elasticities from a Stripped-Down Job Search Approach
Pedro Portugal () and
John Addison
Authors registered in the RePEc Author Service: Mário Centeno ()
Working Papers from Banco de Portugal, Economics and Research Department
Abstract:
This paper exploits survey information on reservation wages and data on actual wages from the European Community Household Panel to deduce in the manner of Lancaster and Chesher (1983) additional parameters of a stylized structural search model; specifically, reservation wage and transition/duration elasticities. The informational requirements of this approach are minimal, thereby facilitating comparisons between countries. Further, its policy content is immediate insofar as the impact of unemployment benefit rules and measures increasing the arrival rate of job offers are concerned. These key elasticities are computed for the United Kingdom and eleven other European nations.
JEL-codes: J64 J65 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)
Downloads: (external link)
https://www.bportugal.pt/sites/default/files/anexos/papers/wp200803.pdf
Related works:
Journal Article: Unemployment Benefits and Reservation Wages: Key Elasticities from a Stripped‐Down Job Search Approach (2010) 
Working Paper: Unemployment Benefits and Reservation Wages: Key Elasticities from a Stripped-Down Job Search Approach (2008) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w200803
Access Statistics for this paper
More papers in Working Papers from Banco de Portugal, Economics and Research Department Contact information at EDIRC.
Bibliographic data for series maintained by DEE-NTD ().