Replication data for: A Contribution to the Empirics of Reservation Wages

Name: Replication data for: A Contribution to the Empirics of Reservation Wages
Published: 2016-02-01
License: This work is licensed under an Other license created by the data depositor. Please refer to the LICENSE file, which should be located alongside the project data and documentation.
Keywords: Survey data

Principal Investigator(s): View help for Principal Investigator(s) Alan B. Krueger; Andreas I. Mueller

Version: View help for Version V1

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Replication data for: A Contribution to the Empirics of Reservation Wages		0

Project Citation:

Krueger, Alan B., and Mueller, Andreas I. Replication data for: A Contribution to the Empirics of Reservation Wages. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114613V1

Project Description

Summary: This paper provides evidence on the behavior of reservation wages over the spell of unemployment, using high-frequency longitudinal data on unemployed workers in New Jersey. In comparison to a calibrated job search model, the reservation wage starts out too high and declines too slowly, on average, suggesting that many workers persistently misjudge their prospects or anchor their reservation wage on their previous wage. The longitudinal nature of the data also allows for testing the relationship between job acceptance and the reservation wage, where the reservation wage is measured from a previous interview to avoid bias due to cognitive dissonance. (JEL J22, J31, J64)

Scope of Project

Subject Terms: Survey data

JEL Classification:
      J22 Time Allocation and Labor Supply
      J31 Wage Level and Structure; Wage Differentials
      J64 Unemployment: Models, Duration, Incidence, and Job Search

Geographic Coverage: New Jersey

Universe: UI recipients in New Jersey at the end of September 2009

Data Type(s): survey data

Methodology

Data Source: https://opr.princeton.edu/archive/njui/

Unit(s) of Observation: Unemployment Insurance recipients,

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V1 [2019-10-13]

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