Individual Wealth, Reservation Wages, and Transitions into Employment

Abstract : We investigate the relationship between financial wealth, reservation wages, and labor market transitions. Wealth is assumed to affect the level of the reservation wage and the employment probability. We test for the validity of this assumption by estimating a simultaneous‐equations model of reservation wages, labor market transitions, and wealth. The data used for the analysis relate to a sample of unemployed job searchers. We use subjective information on the reservation wage. Wealth is found to have a significantly positive impact on the reservation wage. The overall impact of wealth on the employment probability is negative though small.
Type de document :
Article dans une revue
Liste complète des métadonnées

Littérature citée [20 références]  Voir  Masquer  Télécharger

https://hal-sciencespo.archives-ouvertes.fr/hal-01017002
Contributeur : Spire Sciences Po Institutional Repository <>
Soumis le : mardi 1 juillet 2014 - 15:50:44
Dernière modification le : mercredi 3 octobre 2018 - 22:10:03
Document(s) archivé(s) le : mercredi 1 octobre 2014 - 12:55:31

Fichier

stancanelli-jole-2001.pdf
Accord explicite pour ce dépôt

Identifiants

  • HAL Id : hal-01017002, version 1
  • SCIENCESPO : 2441/9704

Collections

Citation

Hans Bloemen, Elena Stancanelli. Individual Wealth, Reservation Wages, and Transitions into Employment. Journal of Labor Economics, University of Chicago Press, 2001, 19 (2), pp.400-439. ⟨hal-01017002⟩

Partager

Métriques

Consultations de la notice

236

Téléchargements de fichiers

2238