Stochastic reservation and offer wages

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Abstract

Relative employee and employer ignorance on the labor market is estimated by a two-tiered earnings frontier approach. The results show that some employees are less informed than others, but employers' information does not markedly differ between individual characteristics of employees. © 1994.

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Groot, W., & Oosterbeek, H. (1994). Stochastic reservation and offer wages. Labour Economics, 1(3–4), 383–390. https://doi.org/10.1016/0927-5371(94)90019-1

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