Fitzenberger, Bernd (contributor); … - 2005
the next one. To do this he compares the value of accepting the job
with the value of remaining unemployed (in the sense … measure N) are either
employed or unemployed. If employed, they produce y per time unit, which lies above
the common … reservation wage. If unemployed, they obtain z as net unemployment
benefit. The individuals maximize the present value of their …