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Vacancies and Hirings: Preliminary Evidence from a Survey on Italian Employers

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  • Annalisa Lucarelli

    ()
    (Italian National Institute of Statistics)

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    Abstract

    In this paper we seek to enrich our understanding of the connection between job vacancies and hirings, using a recent experimental survey carried out on a small set of Italian employers. We study some basic facts on friction in job matching that are still unknown, in particular the fractions of hirings which occur without benefit of a prior job vacancy and of vacancies cancelled without being followed by a hiring. We develop an enlarged set of measures of friction including also the proportion of non-instantaneous hirings and the job vacancy duration. The results obtained begin uncovering the above facts and can be regarded as an initial step for other surveys, and then for further developments of job search and matching models. We also deal with some of the main issues arising in the measurement of the job vacancy variable, such as the distinction between point-in-time stocks and flows of vacancies, job openings and unfilled jobs and the possible recruiting practices difficult to be captured by the current job vacancy surveys, providing preliminary evidence also about these facts.

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    Bibliographic Info

    Article provided by ISTAT - Italian National Institute of Statistics - (Rome, ITALY) in its journal Rivista di Statistica Ufficiale.

    Volume (Year): 13 (2011)
    Issue (Month): 2-3 ()
    Pages: 21-53

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    Handle: RePEc:isa:journl:v:13:y:2011:i:2-3:p:21-53

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    Related research

    Keywords: Job vacancies; hirings without vacancies; non-instantaneous hirings; vacancies without hirings; job-filling rate; vacancy duration; vacancy flows; job openings; unfilled jobs; recruiting practices.;

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    References

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    1. Petrongolo, Barbara & Pissarides, Christopher, 2000. "Looking Into The Black Box: A Survey Of The Matching Function," CEPR Discussion Papers 2409, C.E.P.R. Discussion Papers.
    2. Jed Devaro, 2005. "Employer Recruitment Strategies and the Labor Market Outcomes of New Hires," Economic Inquiry, Western Economic Association International, vol. 43(2), pages 263-282, April.
    3. Sergio Destefanis & Raquel Fonseca, 2007. "Matching Efficiency and Labour Market Reform in Italy: A Macroeconometric Assessment," LABOUR, CEIS, vol. 21(1), pages 57-84, 03.
    4. Ours, J.C. van & Ridder, G., 1992. "Vacancies and recruitment of new employees," Open Access publications from Tilburg University urn:nbn:nl:ui:12-142178, Tilburg University.
    5. Jay L. Zagorsky, 1998. "Job Vacancies In The United States: 1923 To 1994," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 338-345, May.
    6. Cees Gorter & Jos Van Ommeren, 1999. "Sequencing, timing and filling rates of recruitment channels," Applied Economics, Taylor & Francis Journals, vol. 31(10), pages 1149-1160.
    7. R. Jason Faberman, 2009. "Studying the Labor Market with the Job Openings and Labor Turnover Survey," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 83-108 National Bureau of Economic Research, Inc.
    8. Abraham, Katharine G, 1983. "Structural-Frictional vs. Deficient Demand Unemployment: Some New Evidence," American Economic Review, American Economic Association, vol. 73(4), pages 708-24, September.
    9. Holzer, Harry J, 1994. "Job Vacancy Rates in the Firm: An Empirical Analysis," Economica, London School of Economics and Political Science, vol. 61(241), pages 17-36, February.
    10. M. J. Andrews & S. Bradley & D. Stott & R. Upward, 2008. "Successful Employer Search? An Empirical Analysis of Vacancy Duration Using Micro Data," Economica, London School of Economics and Political Science, vol. 75(299), pages 455-480, 08.
    11. Pissarides, Christopher A, 1985. "Short-run Equilibrium Dynamics of Unemployment Vacancies, and Real Wages," American Economic Review, American Economic Association, vol. 75(4), pages 676-90, September.
    12. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173, Octomber.
    13. Jackman, R & Layard, Richard & Pissarides, C, 1989. "On Vacancies," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 51(4), pages 377-94, November.
    14. Manning, Alan, 2000. " Pretty Vacant: Recruitment in Low-Wage Labour Markets," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(0), pages 747-70, Special I.
    15. Sergio Destefanis & Raquel Fonseca, 2006. "Labour-Market Reforms and the Beveridge Curve: Some Macro Evidence for Italy," Working Papers 436, RAND Corporation Publications Department.
    16. Katharine G. Abraham, 1987. "Help-Wanted Advertising, Job Vacancies, and Unemployment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 18(1), pages 207-248.
    17. Rob Valletta, 2005. "Help-wanted advertising and job vacancies," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jan21.
    18. van Ours, Jan & Ridder, Geert, 1992. "Vacancies and the Recruitment of New Employees," Journal of Labor Economics, University of Chicago Press, vol. 10(2), pages 138-55, April.
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