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- Title
Vacancy Durations and Entry Wages: Evidence from Linked Vacancy–Employer–Employee Data.
- Authors
Mueller, Andreas I; Osterwalder, Damian; Zweimüller, Josef; Kettemann, Andreas
- Abstract
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.
- Subjects
WAGES; INCOMES policy (Economics); JOB vacancies; JOB postings; ACCOUNTING policies
- Publication
Review of Economic Studies, 2024, Vol 91, Issue 3, p1807
- ISSN
0034-6527
- Publication type
Article
- DOI
10.1093/restud/rdad051