The Asking Wage-Duration of Unemployment Relation Revisited
SIMULTANEOUS EQUATION ESTIMATES OF JOB SEARCH DURATION RELATIONSHIPS PROVIDE A MORE ACCURATE REPRESENTATION OF THE REEMPLOYMENT PROCESS THAN DO SINGLE EQUATION ANALYSES. GIVEN A CONSTANT WAGE OFFER DISTRIBUTION AND A DECLINING ASKING WAGE OVER TIME, THE PROBABILITY OF RECEIVING AN OFFER AT LEAST EQU...
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| Veröffentlicht in: | Southern economic journal 1977-01, Vol.43 (3), p.1298-1302 |
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| container_title | Southern economic journal |
| container_volume | 43 |
| creator | Crosslin, Robert L. Stevens, David W. |
| description | SIMULTANEOUS EQUATION ESTIMATES OF JOB SEARCH DURATION RELATIONSHIPS PROVIDE A MORE ACCURATE REPRESENTATION OF THE REEMPLOYMENT PROCESS THAN DO SINGLE EQUATION ANALYSES. GIVEN A CONSTANT WAGE OFFER DISTRIBUTION AND A DECLINING ASKING WAGE OVER TIME, THE PROBABILITY OF RECEIVING AN OFFER AT LEAST EQUAL TO THE ASKING WAGE INCREASES WITH UNEMPLOYMENT DURATION. PREVIOUS ANALYSES HAVE IMPLICITLY ASSUMED DURATION OF UNEMPLOYMENT TO BE INDEPENDENT OF THE LEVEL OF THE ASKING WAGE BY USING SINGLE EQUATION ESTIMATION TECHNIQUES SUCH AS ORDINARY LEAST SQUARES (OLS) TO ESTIMATE THE ASKING WAGE DURATION RELATION. SIMULTANEOUS EQUATION ESTIMATES IMPLY AN AVERAGE MONTHLY DECLINE IN ASKING WAGES OF 5.55 PERCENT FOR UNEMPLOYED INDIVIDUALS RECEIVING LESS THAN THE MAXIMUM WEEKLY BENEFIT AMOUNT AND 3.03 PERCENT FOR THOSE RECEIVING THE MAXIMUM. THESE ESTIMATES ARE CONSIDERABLY LARGER THAN THOSE OBTAINED UTILIZING OLS TECHNIQUES. EQUATIONS. REFERENCES. |
| doi_str_mv | 10.2307/1057786 |
| format | Article |
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GIVEN A CONSTANT WAGE OFFER DISTRIBUTION AND A DECLINING ASKING WAGE OVER TIME, THE PROBABILITY OF RECEIVING AN OFFER AT LEAST EQUAL TO THE ASKING WAGE INCREASES WITH UNEMPLOYMENT DURATION. PREVIOUS ANALYSES HAVE IMPLICITLY ASSUMED DURATION OF UNEMPLOYMENT TO BE INDEPENDENT OF THE LEVEL OF THE ASKING WAGE BY USING SINGLE EQUATION ESTIMATION TECHNIQUES SUCH AS ORDINARY LEAST SQUARES (OLS) TO ESTIMATE THE ASKING WAGE DURATION RELATION. SIMULTANEOUS EQUATION ESTIMATES IMPLY AN AVERAGE MONTHLY DECLINE IN ASKING WAGES OF 5.55 PERCENT FOR UNEMPLOYED INDIVIDUALS RECEIVING LESS THAN THE MAXIMUM WEEKLY BENEFIT AMOUNT AND 3.03 PERCENT FOR THOSE RECEIVING THE MAXIMUM. THESE ESTIMATES ARE CONSIDERABLY LARGER THAN THOSE OBTAINED UTILIZING OLS TECHNIQUES. EQUATIONS. REFERENCES.</description><identifier>ISSN: 0038-4038</identifier><identifier>EISSN: 2325-8012</identifier><identifier>DOI: 10.2307/1057786</identifier><identifier>CODEN: SECJAR</identifier><language>eng</language><publisher>Stillwater: Southern Economic Association and the University of North Carolina at Chapel Hill</publisher><subject>Analysis ; Analytical estimating ; Employment ; Estimates ; Family income ; Financial investments ; Gender discrimination ; Household income ; Households ; Hypotheses ; Investment policy ; Job ; Job hunting ; Labor market ; Searches ; Simultaneous equations ; Unemployment ; Unemployment insurance ; Variables ; Wage theories ; Wages ; Wages & salaries</subject><ispartof>Southern economic journal, 1977-01, Vol.43 (3), p.1298-1302</ispartof><rights>Copyright 1977 Southern Economic Association</rights><rights>Copyright Southern Economic Association JAN. 1977</rights><rights>Copyright Southern Economic Association Jan 1977</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c297t-8eae2e2715ea1992af84bda921fbdfedac44fa7b3b65bd2c2400b1b19bc6e0133</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/1057786$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/1057786$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,27869,27924,27925,58017,58250</link.rule.ids></links><search><creatorcontrib>Crosslin, Robert L.</creatorcontrib><creatorcontrib>Stevens, David W.</creatorcontrib><title>The Asking Wage-Duration of Unemployment Relation Revisited</title><title>Southern economic journal</title><description>SIMULTANEOUS EQUATION ESTIMATES OF JOB SEARCH DURATION RELATIONSHIPS PROVIDE A MORE ACCURATE REPRESENTATION OF THE REEMPLOYMENT PROCESS THAN DO SINGLE EQUATION ANALYSES. GIVEN A CONSTANT WAGE OFFER DISTRIBUTION AND A DECLINING ASKING WAGE OVER TIME, THE PROBABILITY OF RECEIVING AN OFFER AT LEAST EQUAL TO THE ASKING WAGE INCREASES WITH UNEMPLOYMENT DURATION. PREVIOUS ANALYSES HAVE IMPLICITLY ASSUMED DURATION OF UNEMPLOYMENT TO BE INDEPENDENT OF THE LEVEL OF THE ASKING WAGE BY USING SINGLE EQUATION ESTIMATION TECHNIQUES SUCH AS ORDINARY LEAST SQUARES (OLS) TO ESTIMATE THE ASKING WAGE DURATION RELATION. SIMULTANEOUS EQUATION ESTIMATES IMPLY AN AVERAGE MONTHLY DECLINE IN ASKING WAGES OF 5.55 PERCENT FOR UNEMPLOYED INDIVIDUALS RECEIVING LESS THAN THE MAXIMUM WEEKLY BENEFIT AMOUNT AND 3.03 PERCENT FOR THOSE RECEIVING THE MAXIMUM. THESE ESTIMATES ARE CONSIDERABLY LARGER THAN THOSE OBTAINED UTILIZING OLS TECHNIQUES. EQUATIONS. REFERENCES.</description><subject>Analysis</subject><subject>Analytical estimating</subject><subject>Employment</subject><subject>Estimates</subject><subject>Family income</subject><subject>Financial investments</subject><subject>Gender discrimination</subject><subject>Household income</subject><subject>Households</subject><subject>Hypotheses</subject><subject>Investment policy</subject><subject>Job</subject><subject>Job hunting</subject><subject>Labor market</subject><subject>Searches</subject><subject>Simultaneous equations</subject><subject>Unemployment</subject><subject>Unemployment insurance</subject><subject>Variables</subject><subject>Wage theories</subject><subject>Wages</subject><subject>Wages & salaries</subject><issn>0038-4038</issn><issn>2325-8012</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1977</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp90E1Lw0AQBuBFFKxV_AtBBU_RmdlNNsFTqZ9QEEqLx7CbTGpqm9TdVOi_N5Je62XmMA_vwCvEJcIdSdD3CJHWSXwkBiQpChNAOhYDAJmEqhun4sz7JQAQYjQQD7NPDkb-q6oXwYdZcPi4daatmjpoymBe83qzanZrrttgyqv-MOWfylctF-fipDQrzxf7PRTz56fZ-DWcvL-8jUeTMKdUt2HCholJY8QG05RMmShbmJSwtEXJhcmVKo220saRLSgnBWDRYmrzmAGlHIqrPnfjmu8t-zZbNltXdy8zQo2xUpD-jwiljmLVoetDCClFQKUkdOq2V7lrvHdcZhtXrY3bZQjZX8fZvuNO3vRy6dvGHWS_o-p28Q</recordid><startdate>19770101</startdate><enddate>19770101</enddate><creator>Crosslin, Robert L.</creator><creator>Stevens, David W.</creator><general>Southern Economic Association and the University of North Carolina at Chapel Hill</general><general>Southern Economic Association and the University of North Carolina</general><general>Southern Economic Association</general><scope>AAYXX</scope><scope>CITATION</scope><scope>EOLOZ</scope><scope>FUVTR</scope><scope>IOIBA</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>4S-</scope><scope>4T-</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0A</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope></search><sort><creationdate>19770101</creationdate><title>The Asking Wage-Duration of Unemployment Relation Revisited</title><author>Crosslin, Robert L. ; Stevens, David W.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c297t-8eae2e2715ea1992af84bda921fbdfedac44fa7b3b65bd2c2400b1b19bc6e0133</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1977</creationdate><topic>Analysis</topic><topic>Analytical estimating</topic><topic>Employment</topic><topic>Estimates</topic><topic>Family income</topic><topic>Financial investments</topic><topic>Gender discrimination</topic><topic>Household income</topic><topic>Households</topic><topic>Hypotheses</topic><topic>Investment policy</topic><topic>Job</topic><topic>Job hunting</topic><topic>Labor market</topic><topic>Searches</topic><topic>Simultaneous equations</topic><topic>Unemployment</topic><topic>Unemployment insurance</topic><topic>Variables</topic><topic>Wage theories</topic><topic>Wages</topic><topic>Wages & salaries</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Crosslin, Robert L.</creatorcontrib><creatorcontrib>Stevens, David W.</creatorcontrib><collection>CrossRef</collection><collection>Periodicals Index Online Segment 01</collection><collection>Periodicals Index Online Segment 06</collection><collection>Periodicals Index Online Segment 29</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - 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GIVEN A CONSTANT WAGE OFFER DISTRIBUTION AND A DECLINING ASKING WAGE OVER TIME, THE PROBABILITY OF RECEIVING AN OFFER AT LEAST EQUAL TO THE ASKING WAGE INCREASES WITH UNEMPLOYMENT DURATION. PREVIOUS ANALYSES HAVE IMPLICITLY ASSUMED DURATION OF UNEMPLOYMENT TO BE INDEPENDENT OF THE LEVEL OF THE ASKING WAGE BY USING SINGLE EQUATION ESTIMATION TECHNIQUES SUCH AS ORDINARY LEAST SQUARES (OLS) TO ESTIMATE THE ASKING WAGE DURATION RELATION. SIMULTANEOUS EQUATION ESTIMATES IMPLY AN AVERAGE MONTHLY DECLINE IN ASKING WAGES OF 5.55 PERCENT FOR UNEMPLOYED INDIVIDUALS RECEIVING LESS THAN THE MAXIMUM WEEKLY BENEFIT AMOUNT AND 3.03 PERCENT FOR THOSE RECEIVING THE MAXIMUM. THESE ESTIMATES ARE CONSIDERABLY LARGER THAN THOSE OBTAINED UTILIZING OLS TECHNIQUES. EQUATIONS. REFERENCES.</abstract><cop>Stillwater</cop><pub>Southern Economic Association and the University of North Carolina at Chapel Hill</pub><doi>10.2307/1057786</doi><tpages>5</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0038-4038 |
| ispartof | Southern economic journal, 1977-01, Vol.43 (3), p.1298-1302 |
| issn | 0038-4038 2325-8012 |
| language | eng |
| recordid | cdi_proquest_journals_217164409 |
| source | Business Source Complete; Periodicals Index Online; JSTOR |
| subjects | Analysis Analytical estimating Employment Estimates Family income Financial investments Gender discrimination Household income Households Hypotheses Investment policy Job Job hunting Labor market Searches Simultaneous equations Unemployment Unemployment insurance Variables Wage theories Wages Wages & salaries |
| title | The Asking Wage-Duration of Unemployment Relation Revisited |
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