Reservation Wages and Their Labor Market Effects for Black and White Male Youth
分析失业青年黑人和白人自报的保留工资，发现黑人要求的工资绝对值与白人相当，但相对市场需求更高，这延长了他们的失业时间并影响后续工资。
This paper presents an empirical analysis of self-reported reservation wages for unemployed young black and white males. The results show that young blacks seek wages which are comparable to those of young whites in absolute terms, but which are higher relative to what is available on the demand side of the market. These relatively higher reservation wages of young blacks contribute to their unemployment durations and somewhat to their subsequently received wages. Changes in reservation wages may thus help to explain the trends in wages and employment of young blacks in recent years.