Vacancy duration and wages

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

Text (Vacancies_final) - Accepted Version Download (1MB)

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:	17 Oct 2025 14:24
URI:	http://eprints.lse.ac.uk/id/eprint/129488

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