Bassier, Ihsaan, Manning, Alan 
ORCID: 0000-0002-7884-3580 and Petrongolo, Barbara
(2025)
Vacancy duration and wages.
Review of Economics and Statistics.
pp. 1-28.
ISSN 0034-6535
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 leverages firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and controls for job and marketlevel 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.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2025 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology |
| Divisions: | Economics LSE |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HA Statistics |
| Date Deposited: | 11 Sep 2025 14:20 |
| Last Modified: | 11 Sep 2025 14:20 |
| URI: | http://eprints.lse.ac.uk/id/eprint/129488 |
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