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Do the rich stay unemployed longer? An empirical study for the U.K

Stancanelli, E.G.F. - Tilburg University, Center for Economic Research - 1997

This paper investigates the impact of individual asset holdings on the probability of leaving unemployment. According … to the theory, higher levels of financial wealth will result in higher reservation wages and longer unemployment … out of unemployment. In particular, negative levels of wealth increase significantly the hazard of leaving unemployment …

Persistent link: https://www.econbiz.de/10011090674

Individual Wealth, Reservation Wages and Transitions into Employment

Bloemen, H.G.; Stancanelli, E.G.F. - Tilburg University, Center for Economic Research - 1997

In this paper, we investigate the relationship between financial wealth, reservation wages and labour market transitions. According to the theory, higher levels of wealth will result in higher reservation wages and lower employment probabilities. We test for the validity of this assumption by...

Persistent link: https://www.econbiz.de/10011092772