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Book
Expectations Set High : Understanding Reservation Wages in North Macedonia
Authors: --- ---
Year: 2019 Publisher: Washington, D.C. : The World Bank,

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Abstract

The objectives of this study are to understand the determinants of reservation wages and measure the gap between reservation and market wages in North Macedonia. The study makes use of recently collected information on reservation wages in the Labor Force Survey 2016 and 2017. The analysis relies on ordinary least squares, propensity score matching, Heckman-corrected estimates, and panel fixed effects. The results suggest that it is mainly supply factors that shape reservation wages in the country. Higher education achievement sizably increases future wage expectations, while age and longer spells of unemployment reduce them. Demand factors are found to be insignificant for reservation wage formation. Observed by skill level, the results suggest that low-skilled individuals consistently value their skills higher than what the market offers and set too high expectations. These circumstances are aggravated in cases where the household is well-off and/or receives remittances. By contrast, highly skilled individuals, despite maintaining a positive reservation wage gap, have a propensity to accept market wages even when they fall below their reservation wage, likely because these workers fear rapid depreciation of their skills.

Labor Demand
Author:
ISBN: 0691025878 0691042543 0691222991 9780691042541 Year: 1996 Publisher: Princeton, New Jersey : University Press,

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In this book Daniel Hamermesh provides the first comprehensive picture of the disparate field of labor demand. The author reviews both the static and dynamic theories of labor demand, and provides evaluative summaries of the available empirical research in these two subject areas. Moreover, he uses both theory and evidence to establish a generalized framework for analyzing the impact of policies such as minimum wages, payroll taxes, job- security measures, unemployment insurance, and others. Covering every aspect of labor demand, this book uses material from a wide range of countries.

Keywords

331.52 --- Labor demand --- Labor market --- Employees --- Market, Labor --- Supply and demand for labor --- Markets --- Demand, Labor --- Demand for labor --- 331.52 Arbeidsmarktstructuur. Vraag en aanbod op de arbeidsmarkt. Spreiding van arbeidsplaatsen. Spreiden van arbeidskrachten. Tewerkstellingsgraad --- Arbeidsmarktstructuur. Vraag en aanbod op de arbeidsmarkt. Spreiding van arbeidsplaatsen. Spreiden van arbeidskrachten. Tewerkstellingsgraad --- Supply and demand --- Labor demand. --- 331.526 --- 331.123 --- Levels of employment. Employment situation, conditions --- #A9402E --- 331.526 Levels of employment. Employment situation, conditions --- 332.630 --- 332.691 --- AA / International- internationaal --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid --- Evolutie van de arbeidsmarkt --- Labour market --- Labor market. --- Marché du travail --- Mercado de trabajo. --- Cobb–Douglas production function. --- Comparative advantage. --- Compensating differential. --- Contract curve. --- Cost curve. --- Demand For Labor. --- Demand response. --- Derived demand. --- Developed country. --- Developing country. --- Earnings. --- Economic cost. --- Economic efficiency. --- Economic forces. --- Economic interventionism. --- Economics. --- Efficiency wage. --- Efficiency. --- Elasticity of intertemporal substitution. --- Elasticity of substitution. --- Employment. --- Endogenous growth theory. --- Estimation. --- Excess supply. --- Externality. --- Factor cost. --- Factor price. --- Implicit cost. --- Income elasticity of demand. --- Indifference curve. --- Induced innovation. --- Inelastic. --- Inflation. --- Instrumental variable. --- Investment goods. --- Isoquant. --- Job security. --- John Haltiwanger. --- Labour supply. --- Law of demand. --- Layoff. --- Living wage. --- Long run and short run. --- Mandatory retirement. --- Manufacturing in the United States. --- Marginal cost. --- Marginal product. --- Marginal rate of substitution. --- Marginal rate of technical substitution. --- Maximum wage. --- Minimum wage. --- Monopsony. --- Neoclassical economics. --- Net Change. --- Net investment. --- New Keynesian economics. --- Oligopoly. --- Outsourcing. --- Partial equilibrium. --- Payroll tax. --- Phillips curve. --- Present value. --- Price Change. --- Price elasticity of demand. --- Price elasticity of supply. --- Production function. --- Productive efficiency. --- Productivity. --- Profit (economics). --- Profit maximization. --- Real business-cycle theory. --- Real versus nominal value (economics). --- Real wages. --- Recession. --- Reservation wage. --- Response Lag. --- Risk aversion. --- Scarcity. --- Shephard's lemma. --- Shortage. --- Stephen Nickell. --- Subsidy. --- Substitution effect. --- Supply (economics). --- Supply and demand. --- Supply shock. --- Tax incidence. --- Tax. --- Theory of the firm. --- Time preference. --- Total cost. --- Total factor productivity. --- Trade barrier. --- Unemployment in the United States. --- Unemployment. --- Utility. --- Utilization. --- Variable cost. --- Wage.

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