An Econometric Analysis of Reservation Wages
分析英国失业者调查数据,利用最优工作搜寻模型从自报的期望工资和要价工资中推导结构参数,而非估计参数。
This paper describes an analysis of survey data on unemployed people who reported their asking wage and the wage they expected to earn. We show that if agents' behavior is described by the standard optimal job search model, one can use these data to deduce structural parameters rather than estimate them, and we report our deductions from two surveys^1 of British unemployed people.