Other things equal, the higher the reservation wage, the more likely one is to be unemployed.

Name: Other things equal, the higher the reservation wage, the more likely one is to be unemployed.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

A higher reservation wage, which is the lowest wage at which a worker would be willing to accept a particular type of job, can lead to longer job search times. This is because the individual may reject job offers that do not meet their wage expectations, increasing the likelihood of remaining unemployed.

Other Things Equal, the Higher the Reservation Wage, the More