RDP 1999-02: Reservations Wages and the Duration of Unemployment
Equation
E
(
log
t
i
|
θ
i
)
=
∫
0
∞
log
(
s
)
p
i
(
s
)
d
s
=
∫
0
∞
log
(
s
)
θ
i
e
−
θ
i
s
d
s
=
−
c
−
log
(
θ
i
)
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