Bassier, Ihsaan, Manning, Alan and Petrongolo, Barbara (2023) Vacancy duration and wages. CEP Discussion Papers (CEPDP1943). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
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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.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | https://cep.lse.ac.uk/_new/publications/discussion... |
| Additional Information: | © 2023 The Author(s) |
| Divisions: | Centre for Economic Performance Economics |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J63 - Turnover; Vacancies; Layoffs J - Labor and Demographic Economics > J4 - Particular Labor Markets > J42 - Monopsony; Segmented Labor Markets |
| Date Deposited: | 16 Jan 2024 16:18 |
| Last Modified: | 08 May 2024 22:39 |
| URI: | http://eprints.lse.ac.uk/id/eprint/121287 |
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