Lookup NU author(s): Dr Roberto Bonilla Trejos,
Dr Francis Kiraly
We look at the optimal sequential job search strategy of an individual who faces a threshold wage constraint. We consider a model with two inter-linked frictional markets where obtaining a wage in the labour market is a pre-condition for entry in a second market. We fully characterise the reservation wage function and point out an interesting and robust non-monotonicity property.
Author(s): Bonilla R, Kiraly F
Publication type: Conference Proceedings (inc. Abstract)
Publication status: Published
Conference Name: UECE Lisbon Meetings 2013: Game Theory and Applications
Year of Conference: 2013