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Recruitment Difficulties and Firms' Characteristics: An Analysis of French Company Data

Author

Listed:
  • Antonin Bergeaud
  • Gilbert Cette
  • Joffrey Stary

Abstract

[eng] This article uses a survey conducted in 2019 among companies in the manufacturing sector on recruitment difficulties they may encounter. By linking this information with the companies' income statements, we show that the companies facing these difficulties are, on average and with all other things being equal, more productive than others. This finding indicates a potential misallocation of production factors, which are not seen as a priority by the most efficient companies. A very simplified estimation suggests that these inefficiencies could reduce average productivity in the manufacturing industry by around 0.10% to 0.15%, which is low. The survey also enables us to analyze the causes of these difficulties. In addition to the problems of matching supply and demand in terms of skill levels in the labour force, the wages offered and the competition with other companies also appear to be key factors behind recruitment problems.

Suggested Citation

  • Antonin Bergeaud & Gilbert Cette & Joffrey Stary, 2022. "Recruitment Difficulties and Firms' Characteristics: An Analysis of French Company Data," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 534-35, pages 43-59.
    • Handle: RePEc:nse:ecosta:ecostat_2022_534_3
    DOI: https://doi.org/10.24187/ecostat.2022.534.2078
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    References listed on IDEAS

    as
    1. Luis Garicano & Claire Lelarge & John Van Reenen, 2016. "Firm Size Distortions and the Productivity Distribution: Evidence from France," American Economic Review, American Economic Association, vol. 106(11), pages 3439-3479, November.
    2. T. Libert, 2017. "Misallocation Before, During and After the Great Recession," Working papers 658, Banque de France.
    3. James Levinsohn & Amil Petrin, 2003. "Estimating Production Functions Using Inputs to Control for Unobservables," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 317-341.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • M5 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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