Vacancy duration and wages
We estimate the elasticity of vacancy duration with respect to posted wages, using data from the near-universe of online job adverts in the United Kingdom. Our research design leverages firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and contro...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
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Massachusetts Institute of Technology Press
2024
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| _version_ | 1824458691273818112 |
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| author | Bassier, I Manning, A Petrongolo, B |
| author_facet | Bassier, I Manning, A Petrongolo, B |
| author_sort | Bassier, I |
| collection | OXFORD |
| description | We estimate the elasticity of vacancy duration with respect to posted wages, using
data from the near-universe of online job adverts in the United Kingdom. Our research
design leverages firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and controls for job and market-level fixed-effects. Wage
policies are defined based on external information on pay settlements, or on sharp,
internally-defined, firm-level changes. In our preferred specifications, we estimate duration elasticities in the range −3 to −5, which are substantially larger than the few
existing estimates. |
| first_indexed | 2025-02-19T04:29:55Z |
| format | Journal article |
| id | oxford-uuid:688a493e-3122-4dcf-b021-fcfc9b6828d0 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2025-02-19T04:29:55Z |
| publishDate | 2024 |
| publisher | Massachusetts Institute of Technology Press |
| record_format | dspace |
| spelling | oxford-uuid:688a493e-3122-4dcf-b021-fcfc9b6828d02024-12-18T18:05:03ZVacancy duration and wagesJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:688a493e-3122-4dcf-b021-fcfc9b6828d0EnglishSymplectic ElementsMassachusetts Institute of Technology Press2024Bassier, IManning, APetrongolo, BWe estimate the elasticity of vacancy duration with respect to posted wages, using data from the near-universe of online job adverts in the United Kingdom. Our research design leverages firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and controls for job and market-level fixed-effects. Wage policies are defined based on external information on pay settlements, or on sharp, internally-defined, firm-level changes. In our preferred specifications, we estimate duration elasticities in the range −3 to −5, which are substantially larger than the few existing estimates. |
| spellingShingle | Bassier, I Manning, A Petrongolo, B Vacancy duration and wages |
| title | Vacancy duration and wages |
| title_full | Vacancy duration and wages |
| title_fullStr | Vacancy duration and wages |
| title_full_unstemmed | Vacancy duration and wages |
| title_short | Vacancy duration and wages |
| title_sort | vacancy duration and wages |
| work_keys_str_mv | AT bassieri vacancydurationandwages AT manninga vacancydurationandwages AT petrongolob vacancydurationandwages |