scholarly journals On the reservation wage under CARA and limited borrowing

2011 ◽  
Vol 62 (2) ◽  
pp. 126-129
Author(s):  
Christian Bauer
Keyword(s):  
Reservation Wage

Paradoxes of reservation wage setting in the Russian labor market. Part I

2016 ◽  
pp. 5-27
Author(s):  
R. Kapeliushnikov ◽  
A. Lukyanova
Keyword(s):  
Labor Market ◽  
Empirical Studies ◽  
Reservation Wage ◽  
Wage Setting ◽  
Reservation Wages ◽  
Monitoring Survey ◽  
Main Determinants ◽  
Subjective Estimates ◽  
Objective Indicators

Using panel data from the Russian Longitudinal Monitoring Survey for 2006-2014, the paper investigates reservation wages setting in the Russian labor market. The sample includes non-employed individuals wishing to get a job (both searchers and non-searchers). The first part of the paper provides a survey of previous empirical studies, describes data and analyzes subjective estimates of reservation wages in comparison with various objective indicators of actual wages. The analysis shows that wage aspirations of the majority of Russian non-employed individuals are overstated. However their wage expectations are rather flexible and decrease rapidly as the search continues that prevents high long-term unemployment. The second part of the paper provides an econometric analysis of main determinants of reservation wage and its impact on probability of re-employment and wages on searchers’ new jobs.

Tests for a Reservation Wage Effect

1992 ◽  
pp. 171-177
Author(s):  
James C. Cox ◽  
Ronald L. Oaxaca
Keyword(s):  
Reservation Wage ◽  
Wage Effect

scholarly journals The Reservation Wage Unemployment Duration Nexus*

2012 ◽  
Vol 75 (6) ◽  
pp. 980-987 ◽  
Author(s):  
John T. Addison ◽  
José A. F. Machado ◽  
Pedro Portugal
Keyword(s):  
Unemployment Duration ◽  
Reservation Wage

scholarly journals A Semi-parametric Recursive Trivariate Probit Modeling of the Contemporaneous Dynamics of Literacy, Labor Market Participation and Poverty in Burkina Faso: What role does Formal Education Play?

2018 ◽  
Author(s):  
Ibrahim Niankara
Keyword(s):  
Labor Market ◽  
Burkina Faso ◽  
Poverty Reduction ◽  
Formal Education ◽  
Literacy Skills ◽  
Labor Market Participation ◽  
Reservation Wage ◽  
Market Participation ◽  
Active Labor ◽  
Active Labor Market

This research contributes to the overall debate on education for sustainable development (ESD) by shed- ding lights on the contributing role of formal education to the contemporaneous dynamics of literacy, labor market participation and poverty reduction in Africa, with a focus on Burkina Faso. The study uses a semi-parametric recursive trivariate probit modeling approach, and data from the 2014 National Survey on Household Living Conditions in Burkina Faso. The results show that the embraced systemic approach in this analysis is statistically signicant as shown by the 95% condence intervals on the three correlation coeffcients in the model. Furthermore, education does improve literacy skills, however improved literacy skills in itself does not guaranty active labor market participation in Burkina Faso. Active labor market participation seem to be affected by labor market rates of return, and individual reservation wage (or income). When labor market rate of return is short of high literacy skilled individuals' reservation wage, then the natural response is a choice of inactivity in the labor market, by the later group. Simultaneously however, it is found that active labor market participation leads to poverty reduction; therefore, in addition to new industrial policies for structural transformation of the economy, policy makers in Burkina Faso should consider education and minimum wage reforms to give highly literate household members the incentive to be active in the labor market.

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