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Recruitment Policies, Job-Filling Rates and Matching Efficiency

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  • Carrillo-Tudela, Carlos
  • Hermann, Gartner
  • Kaas, Leo

Abstract

Recruitment behavior is important for the matching process in the labor market. Using unique linked survey-administrative data, we explore the relationships between hiring and recruitment policies. Faster hiring goes along with higher search effort, lower hiring standards and more generous wages. To analyze the mechanisms behind these patterns, we develop a directed search model in which firms use different recruitment margins in response to productivity shocks. The calibrated model points to an important role of hiring standards for matching efficiency and for the impact of labor market policy, whereas search effort and wage policies play only a minor role.

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  • Carrillo-Tudela, Carlos & Hermann, Gartner & Kaas, Leo, 2020. "Recruitment Policies, Job-Filling Rates and Matching Efficiency," CEPR Discussion Papers 14727, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:14727
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    Cited by:

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    2. Arabzadeh, Hamzeh & Balleer, Almut & Gehrke, Britta & Taskin, Ahmet Ali, 2024. "Minimum wages, wage dispersion and financial constraints in firms," European Economic Review, Elsevier, vol. 163(C).
    3. Hochmuth, Brigitte & Kohlbrecher, Britta & Merkl, Christian & Gartner, Hermann, 2021. "Hartz IV and the decline of German unemployment: A macroeconomic evaluation," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
    4. Gürtzgen, Nicole & Kubis, Alexander, 2021. "Stellenbesetzungen in der Corona-Krise: Mehr Arbeitslose pro offene Stelle, weniger Besetzungsschwierigkeiten (Recruitment Processes during the Covid-19 Pandemic: More Unemployed Job Seekers per Vacan," IAB-Kurzbericht 202115, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    5. Christian Hutter, 2021. "Cyclicality of labour market search: a new big data approach," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 55(1), pages 1-16, December.
    6. Christian Hutter, 2021. "Cyclicality of labour market search: a new big data approach," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 55(1), pages 1-16, December.
    7. Weinstein, Russell, 2021. "Graduating from a Less Selective University during a Recession: Evidence from Mobility Report Cards and Employer Recruiting," IZA Discussion Papers 14462, Institute of Labor Economics (IZA).
    8. Lochner, Benjamin & Merkl, Christian & Stüber, Heiko & Gürtzgen, Nicole, 2021. "Recruiting intensity and hiring practices: Cross-sectional and time-series evidence," Labour Economics, Elsevier, vol. 68(C).
    9. Carolin Linckh & Samuel Muehlemann & Harald Pfeifer, 2024. "Beggars cannot be choosers: The effect of labor market tightness on hiring standards, wages, and hiring costs," Economics of Education Working Paper Series 0217, University of Zurich, Department of Business Administration (IBW).
    10. Benjamin Cakir & Isabelle Schluep & Philipp Aerni & Isa Cakir, 2021. "Amalgamation of Export with Import Information: The Economic Complexity Index as a Coherent Driver of Sustainability," Sustainability, MDPI, vol. 13(4), pages 1-16, February.
    11. Bossler, Mario & Gürtzgen, Nicole & Kubis, Alexander & Küfner, Benjamin, 2020. "IAB-Stellenerhebung im ersten Quartal 2020: Mit dem Corona-Shutdown ging zuerst die Zahl der offenen Stellen zurück (IAB Job Vacancy Survey: The corona shutdown initially led employers to post less va," IAB-Kurzbericht 202012, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    12. repec:iab:iabjlr:v:55:i::p:art.1 is not listed on IDEAS
    13. Kakuho Furukawa & Yoshihiko Hogen & Yosuke Kido, "undated". "Labor Market of Regular Workers in Japan: A Perspective from Job Advertisement Data," Bank of Japan Working Paper Series 23-E-7, Bank of Japan.
    14. Jonathon Hazell & Bledi Taska, 2020. "Downward Rigidity in the Wage for New Hires," Discussion Papers 2028, Centre for Macroeconomics (CFM).
    15. Bertrand Lhommeau & Véronique Rémy, 2022. "Candidate Selection Criteria: A Summary of the Recruitment Process," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 534-35, pages 61-81.
    16. Britta Gehrke & Jacob Wong, 2021. "Relationships that Last: Job Creation vs Job Duration," School of Economics and Public Policy Working Papers 2021-01, University of Adelaide, School of Economics and Public Policy.
    17. Arnd Kölling, 2022. "Shortage of Skilled Labor, Unions and the Wage Premium: A Regression Analysis with Establishment Panel Data for Germany," Journal of Labor Research, Springer, vol. 43(2), pages 239-259, June.
    18. Forsythe, Eliza & Weinstein, Russell, 2021. "Recruiting Intensity, Hires, and Vacancies: Evidence from Firm-Level Data," IZA Discussion Papers 14138, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    Vacancies; Recruitment; Labor market matching;
    All these keywords.

    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
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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