TY - BOOK ID - 84541849 TI - What Determines the Reservation Wages of Unemployed Workers? New Evidence From German Micro Data PY - 2003 SN - 1462358187 1452745269 1281603317 1451890389 9786613784001 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Business & Economics KW - Labor & Workers' Economics KW - Labor KW - Macroeconomics KW - Wages, Compensation, and Labor Costs: General KW - Unemployment: Models, Duration, Incidence, and Job Search KW - Demand and Supply of Labor: General KW - Aggregate Factor Income Distribution KW - Labour KW - income economics KW - Wages KW - Unemployment KW - Unemployment rate KW - Labor supply KW - Income KW - National accounts KW - Labor market KW - Germany KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541849 AB - This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the employment decisions of unemployed workers at different skill levels. ER -