TY  - RPRT
        AU  - Addison, John T.
AU  - Centeno, Mario
AU  - Portugal, Pedro
        TI  - Unemployment Benefits and Reservation Wages: Key Elasticities from a Stripped-Down Job Search Approach
        PY  - 2008/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3357
        UR  - https://www.iza.org/publications/dp3357
        AB  - 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.
        KW  - probability of reemployment
KW  - unemployment benefits
KW  - arrival rate of job offers
KW  - wage offer distributions
KW  - reservation wages
KW  - accepted wages
        ER  -