IDEAS home Printed from https://ideas.repec.org/p/vie/viennp/2002.html
   My bibliography  Save this paper

Skill Demand and Posted Wages. Evidence from Online Job Ads in Austria

Author

Abstract

This study provides new evidence on skill requirements in the labor market and shows to what extent these skills are associated with higher wage offers. Using more than 380,000 job postings published on Austria’s major employment website, I identify the most common skill requirements mentioned in job descriptions. Because employers in Austria are legally required to state the minimum remuneration for advertised positions, I can relate the skill content of jobs to offered wages using ad-level variation. Accounting for education, work experience, and firm and occupation fixed-effects, there exists a robust association between the number of skill requirements and wage offers. In particular, job ads with many skill requirements offer substantially higher wages. While I estimate large effects for managerial and analytical skills, associations with most soft skills are small. Overall, the analysis shows that skill requirements listed in online job ads can offer important insights on skill demand and skill wages differentials.

Suggested Citation

  • Lennart Ziegler, 2020. "Skill Demand and Posted Wages. Evidence from Online Job Ads in Austria," Vienna Economics Papers 2002, University of Vienna, Department of Economics.
  • Handle: RePEc:vie:viennp:2002
    as

    Download full text from publisher

    File URL: http://homepage.univie.ac.at/Papers.Econ/RePEc/vie/viennp/vie2002.pdf
    Download Restriction: no

    More about this item

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vie:viennp:2002. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Paper Administrator). General contact details of provider: http://www.univie.ac.at/vwl .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.