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Vacancy duration and wages

Author

Listed:
  • Bassier, Ihsaan
  • Manning, Alan
  • Petrongolo, Barbara

Abstract

We estimate the elasticity of vacancy duration with respect to posted wages, using data from the near-universe of online job adverts in the United Kingdom. Our research design identifies duration elasticities by leveraging firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and control for job and market-level fixed-effects. Wage policies are defined based on external information on pay settlements, or on sharp, internally-defined, firm-level changes. In our preferred specifications, we estimate duration elasticities in the range -3 to -5, which are substantially larger than the few existing estimates.

Suggested Citation

  • Bassier, Ihsaan & Manning, Alan & Petrongolo, Barbara, 2023. "Vacancy duration and wages," CEPR Discussion Papers 18365, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:18365
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    Cited by:

    1. is not listed on IDEAS
    2. Carolin Linckh & Samuel Muehlemann & Harald Pfeifer, 2024. "Beggars cannot be choosers: Labor market tightness and hiring standards, wages, and hiring costs," Economics of Education Working Paper Series 0217, University of Zurich, Department of Business Administration (IBW).
    3. Carter, Charles & Delaney, Judith M. & Papps, Kerry L., 2024. "The Effect of Wages on Job Vacancy Duration: Evidence from a Spatial Discontinuity," IZA Discussion Papers 17273, Institute of Labor Economics (IZA).
    4. Richard Audoly & Manudeep Bhuller & Tore Adam Reiremo, 2024. "The Pay and Non-Pay Content of Job Ads," Staff Reports 1124, Federal Reserve Bank of New York.

    More about this item

    Keywords

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    JEL classification:

    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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