TY  - RPRT
        AU  - Addison, John T.
AU  - Centeno, Mario
AU  - Portugal, Pedro
        TI  - Reservation Wages, Search Duration, and Accepted Wages in Europe
        PY  - 2004/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1252
        UR  - https://www.iza.org/publications/dp1252
        AB  - This paper uses data from the European Community Household Panel, 1994-99, to investigate the arrival rate of job offers, the determinants of reservation wages, transitions out of unemployment, and accepted wages. In this exploratory treatment, we report that the arrival rate of job offers declines precipitously with jobless duration and age; that reservation wages do decline with the jobless spell (and aggregate unemployment); that transitions out of unemployment exhibit strong negative duration dependence for reasons that have more to do with the arrival rate of job offers than with reservation wages; and that the decline in reemployment wages with joblessness closely shadows the corresponding fall in reservation wages.
        KW  - reservation wages
KW  - job offer arrival rates
KW  - unemployment duration
KW  - reemployment wages
        ER  -