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How may reservation wages explain the differences in labor participation rates across different categories of individuals? For example, how can a difference in reservation wages

How may reservation wages explain the differences in labor participation rates across different categories of individuals? For example, how can a difference in reservation wages between men and women explain the gender gap in participation rates?

In addition, explain how reservation wages may be correlated with one of the following sources of unemployment: cyclical, structural, or frictional.

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