Working paper
Vacancy duration and wages
- 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.
- Publication status:
- Published
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(Preview, Version of record, pdf, 1.4MB, Terms of use)
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- Publication website:
- https://www.economics.ox.ac.uk/publication/1509020/ora-hyrax
Authors
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Place of publication:
- Oxford
- Publication date:
- 2023-08-03
- ISSN:
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1471-0498
- Paper number:
- 1020
- Language:
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English
- Pubs id:
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1509020
- Local pid:
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pubs:1509020
- Deposit date:
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2023-08-14
- ARK identifier:
Terms of use
- Copyright holder:
- Bassier et al.
- Copyright date:
- 2023
- Rights statement:
- © 2023 The Author(s).
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