On The Positive Correlation Between Income and Patience ∗

  • Rubens Penha Cysne
  • Published 2006

Abstract

This paper uses a standard job-search model to provide a new explanation for the empirically documented positive correlation between patience and average income: more patient workers, by rejecting less favorable wage offers, end up with a higher average income in the long run. This is not clear at first glance, since rejecting more offers also leads to more… (More)

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