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Reservation Wages and Labor Supply
| Content Provider | Scilit |
|---|---|
| Author | Kesternich, Iris Schumacher, Heiner Siflinger, Bettina Valder, Franziska |
| Copyright Year | 2018 |
| Description | Journal: SSRN Electronic Journal We test what survey measures of the reservation wage reveal about individual labor supply, i.e., an individual’s willingness to substitute leisure by consumption. To this end, we combine the reservation wage measure from a large labor market survey with the reservation wage for a one-hour job that we elicit in an online experiment. We find that these two measures are highly correlated. On average, the experimental reservation wage increases by 50 Cents for every Euro increase in the survey measure. |
| Related Links | https://pure.uvt.nl/ws/files/28678943/2018_054.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3303856 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3303856 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2018-12-17 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Industrial Relations Reservation Wage Labor Supply Validation of Survey Measures |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |