What is the reservation wage? What are the alternative methods for estimating reservation wage?

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Applied Welfare Economics

ISBN: 978-1032022185

2nd Edition

Authors: Massimo Florio ,chiara Pancotti

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Question Posted: Jan 31, 2024 03:03 AM

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What is the reservation wage? What are the alternative methods for estimating reservation wage?

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The reservation wage is the lowest wage rate at which a person would be willing to accept a particular type of job In other words it is the minimum wa...View the full answer

Applied Welfare Economics

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