www.hjkjmachinery.com The null hypothesis of no heterogeneity can not be rejected in any of the variants of the model.

Table 2. The null hypothesis of no heterogeneity can not be rejected in any of the variants of the model. Table 3 gives the distribution by age and duration of individuals with estimated reservation wage less than the post-unemployment wage for Model 1 (unrestricted and Model 4 . We make this comparison because the papers NNS and NN, which analysed the same data set, also used income variables in the utility function , not just benefits and earnings. Half those who left unemployment within the year reported a post unemployment wage. Of these, 90% have an estimated reservation wage which is not higher than their post unemployment wage in Model 1, this figure is only -9% in Model 4. 4.3. Other points Other points are examined in the context of our preferred Model 1: Our model permitted the hazard function to vary over the duration with changes differing across individuals, in contrast to standard reduced form models which restricted to uniformity for all individuals, ceteris paribus. Table 4 shows the

+1 46 21 104463
+1 104 21 1041043
+1 106 21 1041063