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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
  • Andreas I Mueller
  • Damian Osterwalder
  • Josef Zweimüller
  • Andreas Kettemann
Item Subtype Original Work
Refereed Yes
Status Published in final form
  • English
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