Blau, David M. (1992). An Empirical Analysis of Employed and Unemployed Job Search Behavior. Industrial and Labor Relations Review, 45
This paper analyzes the job search activities of employed and unemployed job seekers using self-reported data from a 1980 survey. One novel finding from reduced form equations is that many searchers, both employed and unemployed, rejected at least one offer before accepting a job. The reduced form results are used to estimate reservation wages based on a fairly standard model of job search. Most of the job searchers accepted a job offer with a wage below the estimated reservation wage, suggesting that the model does not fit the data well.
Industrial and Labor Relations Review
Blau, David M.