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Job Vacancies In The United States: 1923 To 1994

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  • Jay L. Zagorsky

Abstract

Empirical investigations of the U.S. macroeconomy often examine only the post-World War II period because very few key data series exist for earlier years. However, this brief time period misses major economic shocks like the Great Depression and World War II. Using a previously unknown data set, this paper solves part of the problem by creating a long-run job vacancy series from 1923 to 1994 based on help-wanted advertising data. Analysis suggests that the series is consistent and has no significant biases. © 1998 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology

Suggested Citation

  • 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.
    • Handle: RePEc:tpr:restat:v:80:y:1998:i:2:p:338-345
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    Citations

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    Cited by:

    1. Andrés Álvarez & Marc Hofstetter, 2012. "50 Years of Job Vacancies in Colombia: The Case of Bogota, 1960-2010," Borradores de Economia 719, Banco de la Republica de Colombia.
    2. Andrés Álvarez & Marc Hofstetter, 2014. "Job vacancies in Colombia: 1976–2012," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-11, December.
    3. Gabriel P. Mathy, 2015. "Hysteresis and Persistent Long-Term Unemployment: Lessons from the Great Depression and World War II," Working Papers 2015-02, American University, Department of Economics.
    4. Heisz, Andrew & Baker, Michael & Corak, Miles, 1996. "Unemployment in the Stock and Flow," Analytical Studies Branch Research Paper Series 1997097e, Statistics Canada, Analytical Studies Branch.
    5. Pascal Michaillat & Emmanuel Saez, 2019. "Beveridgean Unemployment Gap," Papers 1911.05271, arXiv.org, revised Nov 2021.
    6. Petrosky-Nadeau, Nicolas & Zhang, Lu, 2021. "Unemployment crises," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 335-353.
    7. T. Aldrich Finegan & Roberto V. Peñaloza & Mototsugu Shintani, 2008. "Reassessing Cyclical Changes in Workers' Labor Market Status: Gross Flows and the Types of Workers Who Determine Them," ILR Review, Cornell University, ILR School, vol. 61(2), pages 244-257, January.
    8. David E. Kalist, 2005. "Registered Nurses and the Value of Bilingualism," ILR Review, Cornell University, ILR School, vol. 59(1), pages 101-118, October.
    9. Annalisa Lucarelli, 2011. "Vacancies and Hirings: Preliminary Evidence from a Survey on Italian Employers," Rivista di statistica ufficiale, ISTAT - Italian National Institute of Statistics - (Rome, ITALY), vol. 13(2-3), pages 21-53.
    10. Reicher, Christopher Phillip, 2009. "What can a New Keynesian labor matching model match?," Kiel Working Papers 1496, Kiel Institute for the World Economy (IfW Kiel).
    11. Reicher, Christopher Phillip, 2010. "Evaluating the search and matching model with sticky wages," Kiel Working Papers 1674, Kiel Institute for the World Economy (IfW Kiel).
    12. Wolcott, Erin L., 2021. "Employment inequality: Why do the low-skilled work less now?," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 161-177.
    13. Reicher, Christopher Phillip, 2009. "Expectations, monetary policy, and labor markets: lessons from the Great Depression," Kiel Working Papers 1543, Kiel Institute for the World Economy (IfW Kiel).
    14. Pietro Giorgio Lovaglio, 2022. "Do job vacancies variations anticipate employment variations by sector? Some preliminary evidence from Italy," LABOUR, CEIS, vol. 36(1), pages 71-93, March.
    15. Jason Anastasopoulos & George J. Borjas & Gavin G. Cook & Michael Lachanski, 2018. "Job Vacancies, the Beveridge Curve, and Supply Shocks: The Frequency and Content of Help-Wanted Ads in Pre- and Post-Mariel Miami," NBER Working Papers 24580, National Bureau of Economic Research, Inc.
    16. Fabia Gumbau-Brisa & Giovanni P. Olivei, 2013. "An evaluation of the Federal Reserve estimates of the natural rate of unemployment in real time," Working Papers 13-24, Federal Reserve Bank of Boston.
    17. Gabriel P. Mathy, 2018. "Hysteresis and persistent long-term unemployment: the American Beveridge Curve of the Great Depression and World War II," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(1), pages 127-152, January.
    18. Giovanni Gallipoli & Gianluigi Pelloni, 2008. "Aggregate Shocks vs Reallocation Shocks: an Appraisal of the Applied Literature," Working Paper series 27_08, Rimini Centre for Economic Analysis.

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