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Replication data for: A Contribution to the Empirics of Reservation Wages

Resource Type
  • Krueger, Alan B.
  • Mueller, Andreas I.
Publication Date
  • Abstract

    This paper provides evidence on the behavior of reservation wages over the spell of unemployment, using high-frequency longitudinal data on unemployed workers in New Jersey. In comparison to a calibrated job search model, the reservation wage starts out too high and declines too slowly, on average, suggesting that many workers persistently misjudge their prospects or anchor their reservation wage on their previous wage. The longitudinal nature of the data also allows for testing the relationship between job acceptance and the reservation wage, where the reservation wage is measured from a previous interview to avoid bias due to cognitive dissonance. (JEL J22, J31, J64)
  • Is supplement to
    DOI: 10.1257/pol.20140211 (Text)
  • Krueger, Alan B., and Andreas I. Mueller. “A Contribution to the Empirics of Reservation Wages.” American Economic Journal: Economic Policy 8, no. 1 (February 2016): 142–79.
    • ID: 10.1257/pol.20140211 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Krueger, Alan B.; Mueller, Andreas I. (2016): Replication data for: A Contribution to the Empirics of Reservation Wages. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.