RDP 1999-02: Reservations Wages and the Duration of Unemployment
Equation (8)
log
t
i
=
μ
0
+
μ
1
log
(
ξ
^
i
)
+
μ
2
(
log
(
ξ
i
)
−
log
(
ξ
^
i
)
)
+
X
i
′
μ
3
+
μ
i
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