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Key Elasticities in Job Search Theory: International Evidence

Author

Listed:
  • Addison, John T.

    (Durham University Business School)

  • Centeno, Mario

    (Banco de Portugal)

  • Portugal, Pedro

    (Banco de Portugal)

Abstract

This paper exploits the informational value of search theory, after Lancaster and Chesher (1983), in conjunction with survey data on the unemployed to calculate key reservation wage and duration elasticities for most EU-15 nations.

Suggested Citation

  • Addison, John T. & Centeno, Mario & Portugal, Pedro, 2004. "Key Elasticities in Job Search Theory: International Evidence," IZA Discussion Papers 1314, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp1314
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    References listed on IDEAS

    as
    1. Pedro Portugal & John T. Addison, 2004. "Reservation Wages, Search Duration, and Accepted Wages in Europe," Working Papers w200413, Banco de Portugal, Economics and Research Department.
    2. Lancaster, Tony & Chesher, Andrew, 1983. "An Econometric Analysis of Reservation Wages," Econometrica, Econometric Society, vol. 51(6), pages 1661-1676, November.
    3. Pierre Cahuc & André Zylberberg, 2004. "Labor Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 026203316x, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Silva, José I. & Vall Castello, Judit, 2012. "Why Are So Many Disabled Individuals Not Working in Spain? A Job Search Approach," IZA Discussion Papers 6317, Institute of Labor Economics (IZA).
    2. Héctor Sala & José I. Silva, 2009. "Flexibility at the margin and labour market volatility: The case of Spain," Investigaciones Economicas, Fundación SEPI, vol. 33(2), pages 145-178, May.

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    More about this item

    Keywords

    reservation wages; probability of reemployment; accepted wages; Pareto wage offer distribution; unemployment benefits;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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