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Toward a Theory of Vacancies

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  • Burdett, Kenneth
  • Cunningham, Elizabeth J

Abstract

The authors attempt to further characterize the search strategies of the employer. In this article, they discuss how characteristics of the employer or conditions that the employer faces affect the optimal search strategies and the probability of filling a vacancy in each period. Semiparametric and parametric methods are used to estimate hazard rates of filling vacancies. The results suggest that, for the given sample of vacancies, the general form of the hazard function is nonmonotonic. Additionally, the results suggest that those employers who have advance notice of the vacancy may search longer than those employers who do not. Copyright 1998 by University of Chicago Press.

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Bibliographic Info

Article provided by University of Chicago Press in its journal Journal of Labor Economics.

Volume (Year): 16 (1998)
Issue (Month): 3 (July)
Pages: 445-78

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Handle: RePEc:ucp:jlabec:v:16:y:1998:i:3:p:445-78

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Web page: http://www.journals.uchicago.edu/JOLE/

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Cited by:
  1. Russo, Giovanni & Gorter, Cees & Schettkat, Ronald, 2001. "Searching, hiring and labour market conditions," Labour Economics, Elsevier, vol. 8(5), pages 553-571, December.
  2. Welters, Riccardo & Muysken, Joan, 2008. "Inferring Employer Search Behaviour from Wage Subsidy Participation," Labour Economics, Elsevier, vol. 15(5), pages 844-858, October.
  3. Yashiv, Eran, 2006. "Evaluating the Performance of the Search and Matching Model," IZA Discussion Papers 1931, Institute for the Study of Labor (IZA).

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