Reservation wages-measurement and determinants: evidence from the KMP survey

Simple item page
dc.contributor.authorWalker, Richard
dc.date.accessioned2016-04-25T10:23:54Z
dc.date.available2016-04-25T10:23:54Z
dc.date.issued2003
dc.date.updated2016-04-25T10:22:23Z
dc.description.abstractThis paper investigates the difficulties in measuring reservation wages, models the determinants of reservation wages, and compares reservation wages with predicted wages. Data is drawn from the Khayelitsha/Mitchell's Plain (KMP) survey. Certain factors (e.g. education, labour market status, household income and duration of unemployment) are significant in explaining variation in reservation wages. Importantly, a person's position in the labour market is not as a result of his/her reservation wage. Rather, reservation wages are a function of his/her labour market status: while those in wage-employment report a reservation wage based more on perceived labour market value, those in unemployment report a reservation wage influenced strongly by subsistence requirements. This study concludes that voluntary unemployment does not exist in KMP, with people in general reporting reservation wages well below what they could expect to earn.en_ZA
dc.identifier.apacitationWalker, R. (2003). <i>Reservation wages-measurement and determinants: evidence from the KMP survey</i> University of Cape Town ,Faculty of Humanities ,Centre for Social Science Research(CSSR). Retrieved from http://hdl.handle.net/11427/19186en_ZA
dc.identifier.chicagocitationWalker, Richard <i>Reservation wages-measurement and determinants: evidence from the KMP survey.</i> University of Cape Town ,Faculty of Humanities ,Centre for Social Science Research(CSSR), 2003. http://hdl.handle.net/11427/19186en_ZA
dc.identifier.citationWalker, R. (2003). Reservation Wages-Measurement and Determinants: Evidence from the KMP Survey. Centre for Social Science Research, University of Cape Townen_ZA
dc.identifier.ris TY - Working Paper AU - Walker, Richard AB - This paper investigates the difficulties in measuring reservation wages, models the determinants of reservation wages, and compares reservation wages with predicted wages. Data is drawn from the Khayelitsha/Mitchell's Plain (KMP) survey. Certain factors (e.g. education, labour market status, household income and duration of unemployment) are significant in explaining variation in reservation wages. Importantly, a person's position in the labour market is not as a result of his/her reservation wage. Rather, reservation wages are a function of his/her labour market status: while those in wage-employment report a reservation wage based more on perceived labour market value, those in unemployment report a reservation wage influenced strongly by subsistence requirements. This study concludes that voluntary unemployment does not exist in KMP, with people in general reporting reservation wages well below what they could expect to earn. DA - 2003 DB - OpenUCT DP - University of Cape Town J1 - Centre for Social Science Research LK - https://open.uct.ac.za PB - University of Cape Town PY - 2003 T1 - Reservation wages-measurement and determinants: evidence from the KMP survey TI - Reservation wages-measurement and determinants: evidence from the KMP survey UR - http://hdl.handle.net/11427/19186 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/19186
dc.identifier.vancouvercitationWalker R. Reservation wages-measurement and determinants: evidence from the KMP survey. 2003 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/19186en_ZA
dc.languageengen_ZA
dc.publisher.departmentCentre for Social Science Research(CSSR)en_ZA
dc.publisher.facultyFaculty of Humanitiesen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.sourceCentre for Social Science Research
dc.source.urihttp://www.cssr.uct.ac.za/
dc.subject.otherReservation wages-measurement
dc.subject.otherdeterminants
dc.subject.otherKMP survey
dc.titleReservation wages-measurement and determinants: evidence from the KMP surveyen_ZA
dc.typeWorking Paperen_ZA
uct.type.filetypeText
uct.type.publicationResearchen_ZA
uct.type.resourceResearch paperen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Walker_Reservation_wages_2003.pdf
Size:
535.33 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.72 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Working Papers