Gautier, Pieter A.; Teulings, Coen N. - In: Journal of the European Economic Association 4 (2006) 6, pp. 1193-1225
the United States we find strong evidence for a systematic concave relationship. An assignment model with search frictions …This paper shows that we can normalize job and worker characteristics so that, without frictions, there exists a linear … well. Allowing for unobserved heterogeneity and measurement error, we find that reservation wages are 25% lower than they …