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Article Dans Une Revue Journal of Labor Economics Année : 2001

Individual Wealth, Reservation Wages, and Transitions into Employment

Hans Bloemen
  • Fonction : Auteur

Résumé

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.
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Dates et versions

hal-01017002 , version 1 (01-07-2014)

Identifiants

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

Citer

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