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Recruiting Intensity during and after the Great Recession: National and Industry Evidence

Author

Listed:
  • Steven J. Davis
  • R. Jason Faberman
  • John C. Haltiwanger

Abstract

We measure job-filling rates and recruiting intensity per vacancy at the national and industry levels from January 2001 to September 2011 using data from the Job Openings and Labor Turnover Survey. Industry-level movements in these variables are at odds with implications of the standard matching function in labor search theory but consistent with a generalized function that incorporates an important role for recruiting intensity. Construction makes up less than five percent of employment but accounts for more than 40 percent of the large swings in the job-filling rate during and after the Great Recession.

Suggested Citation

  • Steven J. Davis & R. Jason Faberman & John C. Haltiwanger, 2012. "Recruiting Intensity during and after the Great Recession: National and Industry Evidence," American Economic Review, American Economic Association, vol. 102(3), pages 584-588, May.
  • Handle: RePEc:aea:aecrev:v:102:y:2012:i:3:p:584-88
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    References listed on IDEAS

    as
    1. Steven J. Davis & R. Jason Faberman & John C. Haltiwanger, 2013. "The Establishment-Level Behavior of Vacancies and Hiring," The Quarterly Journal of Economics, Oxford University Press, vol. 128(2), pages 581-622.
    2. Benedikt Herz & Thijs van Rens, 2011. "Structural unemployment," Economics Working Papers 1276, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Regis Barnichon & Andrew Figura, 2011. "What drives matching efficiency? a tale of composition and dispersion," Finance and Economics Discussion Series 2011-10, Board of Governors of the Federal Reserve System (U.S.).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Luca Sala & Ulf Söderström & Antonella Trigari, 2013. "Structural and Cyclical Forces in the Labor Market during the Great Recession: Cross-Country Evidence," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 9(1), pages 345-404.
    2. repec:bla:ecinqu:v:55:y:2017:i:1:p:501-526 is not listed on IDEAS
    3. Marinescu, Ioana, 2017. "The general equilibrium impacts of unemployment insurance: Evidence from a large online job board," Journal of Public Economics, Elsevier, vol. 150(C), pages 14-29.
    4. Ay?egül ?ahin & Joseph Song & Giorgio Topa & Giovanni L. Violante, 2014. "Mismatch Unemployment," American Economic Review, American Economic Association, vol. 104(11), pages 3529-3564, November.
    5. R. Jason Faberman, 2014. "Recruiting intensity," IZA World of Labor, Institute for the Study of Labor (IZA), pages 1-21, May.
    6. Dave Reifschneider & William Wascher & David Wilcox, 2015. "Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(1), pages 71-109, May.
    7. Curtis Simon, 2014. "Sectoral Change And Unemployment During The Great Recession, In Historical Perspective," Journal of Regional Science, Wiley Blackwell, vol. 54(5), pages 828-855, November.
    8. Vansteenkiste, Isabel, 2017. "Did the crisis permanently scar the Portuguese labour market? Evidence from a Markov-switching Beveridge curve analysis," Working Paper Series 2043, European Central Bank.
    9. Peter Cappelli, 2014. "Skill Gaps, Skill Shortages and Skill Mismatches: Evidence for the US," NBER Working Papers 20382, National Bureau of Economic Research, Inc.
    10. Mühlemann, Samuel & Strupler Leiser, Mirjam, 2015. "Ten Facts You Need To Know About Hiring," IZA Discussion Papers 9363, Institute for the Study of Labor (IZA).
    11. Peter Mueser & Marios Michaelides, 2015. "Are Reemployment Services Effective? Experimental Evidence from the Great Recession," Working Papers 18-04, Department of Economics, University of Missouri, revised Feb 2018.
    12. Dimitrios Bakas & Theodore Panagiotidis & Gianluigi Pelloni, 2017. "Regional And Sectoral Evidence Of The Macroeconomic Effects Of Labor Reallocation: A Panel Data Analysis," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 501-526, January.
    13. Judith K. Hellerstein & Mark J. Kutzbach & David Neumark, 2015. "Labor Market Networks and Recovery from Mass Layoffs Before, During, and After the Great Recession," Working Papers 15-14, Center for Economic Studies, U.S. Census Bureau.
    14. Judith K. Hellerstein & Mark J. Kutzbach & David Neumark, 2015. "Labor Market Networks and Recovery from Mass Layoffs: Evidence from the Great Recession Period," NBER Working Papers 21262, National Bureau of Economic Research, Inc.
    15. Stephenson, Judy Z., 2018. "Looking for work? Or looking for workers? Days and hours of work in London construction in the eighteenth century," MPRA Paper 84828, University Library of Munich, Germany.
    16. Modestino, Alicia Sasser & Shoag, Daniel & Ballance, Joshua, 2016. "Downskilling: changes in employer skill requirements over the business cycle," Labour Economics, Elsevier, vol. 41(C), pages 333-347.
    17. Peter Mueser & Marios Michaelides, 2015. "Are Reemployment Services Effective? Experimental Evidence from the Great Recession (WP 15-09 is now WP 18-04)," Working Papers 15-09, Department of Economics, University of Missouri, revised Feb 2018.
    18. repec:eee:macchp:v2-2131 is not listed on IDEAS

    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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