Abstract
Theoretical models of job search are typically focused on deriving results for reservation wage paths. But both naturally-occurring and experimental labor markets usually involve messages about job offer acceptance and rejection, not statements of (binding) reservation wages. Thus reservation wages generally are not observed. As a consequence, most tests of the theory's predictions about reservation wages have been indirect because they have used observed data on search duration, search income, and accepted wages.
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References
Cox, James C. and Oaxaca, Ronald L. (1989). “Laboratory Experiments with a Finite Horizon Job Search Model”; Journal of Risk and Uncertainty. (2, pp. 301–329.)
Cox, James C. and Oaxaca, Ronald L. (1990). “Direct Tests of the Reservation Wage Property.” University of Arizona discussion paper.
Hollander, Myles and Wolfe, Douglas A. (1973). Nonparametric Statistical Methods. [New York: Wiley and Sons].
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© 1992 Springer Science+Business Media Dordrecht
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Cox, J.C., Oaxaca, R.L. (1992). Tests for a Reservation Wage Effect. In: Geweke, J. (eds) Decision Making Under Risk and Uncertainty. Theory and Decision Library, vol 22. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2838-4_20
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DOI: https://doi.org/10.1007/978-94-011-2838-4_20
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