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 identifies duration elasticities by leveraging firm-level wage policies that are plausibly exogenous to hiring difficulties...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
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University of Oxford
2023
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| _version_ | 1797110677867855872 |
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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 identifies duration elasticities by leveraging firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and control 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 | 2024-03-07T07:58:11Z |
| format | Working paper |
| id | oxford-uuid:e4fc75c5-35b9-41b6-9b41-6f68d20a7459 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:58:11Z |
| publishDate | 2023 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:e4fc75c5-35b9-41b6-9b41-6f68d20a74592023-09-01T15:29:26ZVacancy duration and wagesWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:e4fc75c5-35b9-41b6-9b41-6f68d20a7459EnglishSymplectic ElementsUniversity of Oxford2023Bassier, 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 identifies duration elasticities by leveraging firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and control 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 |