Arbeitspapier
Vacancy Duration and Wages
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.
- Language
-
Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 16371
- Classification
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Wirtschaft
Monopsony; Segmented Labor Markets
Labor Turnover; Vacancies; Layoffs
Unemployment: Models, Duration, Incidence, and Job Search
- Subject
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vacancy duration
monopsony
wages
- Event
-
Geistige Schöpfung
- (who)
-
Bassier, Ihsaan
Manning, Alan
Petrongolo, Barbara
- Event
-
Veröffentlichung
- (who)
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Institute of Labor Economics (IZA)
- (where)
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Bonn
- (when)
-
2023
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bassier, Ihsaan
- Manning, Alan
- Petrongolo, Barbara
- Institute of Labor Economics (IZA)
Time of origin
- 2023
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