The higher the reservation wage, the more likely one is to be unemployed.

Name: The higher the reservation wage, the more likely one is to be unemployed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A higher reservation wage, which is the lowest wage a worker is willing to accept for a given type of job, can lead to longer periods of job search and thus a higher likelihood of being unemployed, as the individual may reject job offers that do not meet their wage expectations.

The Higher the Reservation Wage, the More Likely One Is