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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Vacancy durations and entry wages: evidence from linked vacancy-employer-employee data |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Review of Economic Studies |
| Publisher | Oxford University Press |
| Geographical Reach | international |
| ISSN | 0034-6527 |
| Volume | 91 |
| Number | 3 |
| Page Range | 1807 - 1841 |
| Date | 2024 |
| Abstract Text | This article explores the relationship between the duration of a vacancy and the starting wage of a new job, using linked data on vacancies, the posting establishments, and the workers eventually filling the vacancies. The unique combination of large-scale, administrative worker, establishment, and vacancy data is critical for separating establishment- and job-level determinants of vacancy duration from worker-level heterogeneity. Conditional on observables, we find that vacancy duration is negatively correlated with the starting wage and its establishment component, with precisely estimated elasticities of −0.07 and −0.21, respectively. While the negative relationship is qualitatively consistent with search-theoretic models where firms use the wage as a recruiting device, these elasticities are small, suggesting that firms’ wage policies can account only for a small fraction of the variation in vacancy filling across establishments. |
| Related URLs | |
| Digital Object Identifier | 10.1093/restud/rdad051 |
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| Keywords | Vacancy posting, vacancy duration, vacancy yields, recruiting, search, wages |