RDP 1999-02: Reservations Wages and the Duration of Unemployment Equation (7)

logξ=ρlogt+ Z γ+k+ε MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaciiBaiaac+ gacaGGNbGaeqOVdGNaeyypa0JaeyOeI0IaeqyWdiNaciiBaiaac+ga caGGNbGaamiDaiabgUcaRiqadQfagaqbaiabeo7aNjabgUcaRiaadU gacqGHRaWkcqaH1oqzaaa@49D4@