Arbeitspapier

Opening the Black Box of the Matching Function: The Power of Words

How do employers attract the right workers? How important are posted wages vs. other job characteristics? Using data from the leading job board CareerBuilder.com, we show that most vacancies do not post wages, and, for those that do, job titles explain more than 90% of the wage variance. Job titles also explain more than 80% of the across-vacancies variance in the education and experience of applicants. Finally, failing to control for job titles leads to a spurious negative elasticity of labor supply. Thus, our results uncover the previously undocumented power of words in the job matching process.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 9071

Klassifikation
Wirtschaft
Wage Level and Structure; Wage Differentials
Labor Turnover; Vacancies; Layoffs
Unemployment: Models, Duration, Incidence, and Job Search
Thema
online job search
wages
vacancies
wage variance
occupations
skills

Ereignis
Geistige Schöpfung
(wer)
Marinescu, Ioana E.
Wolthoff, Ronald P.
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2015

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Marinescu, Ioana E.
  • Wolthoff, Ronald P.
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2015

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