Learning to update your reservation wage while looking for a new job

Kriechel, Ben; Pfann, Gerard A.

http://hdl.handle.net/10400.5/15530

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Authors

Kriechel, Ben

Pfann, Gerard A.

Abstract(s)

We combine post-displacement survey data with information from personnel files of a displacing firm in order to reveal sources of worker heterogeneity in search time and wage losses. The Fokker Personnel Files and Survey are described in detail. We develop a dynamic reservation wage with updating. The method of updating is based on the simple idea that job seekers are informed about successful matches of their former colleagues similar to them. The data off er empirical support for the updating model.

Keywords

Mass layoff Social networks Unemployment

URI

http://hdl.handle.net/10400.5/15530

Citation

Kriechel, Ben e Gerard A. Pfann (2001). "Learning to update your reservation wage while looking for a new job". Portuguese Economic Journal, 5(2):135-148