Online Job Posts Contain Very Little Wage Information

Honey Batra (), Amanda Michaud and Simon Mongey
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Honey Batra: https://cla.umn.edu/about/directory/profile/batra040

No 83, Opportunity and Inclusive Growth Institute Working Papers from Federal Reserve Bank of Minneapolis

Abstract: We characterize the little wage information contained in online job posts. Wage information is rare: only 14% of posts contain any information. Of these, wage ranges are more common than point wages, and are wide on average, spanning 28% of the midpoint (e.g. $32,000-$42,000/yr). Posted wages are highly selected in low income occupations: 40% higher than wages of employed workers. High wage firms are more opaque, with more and wider ranges. We find zero correlation between wage information and local labor market tightness. We provide an example of bias in econometric inference that worsens as wage information falls.

Keywords: Search; Wages; Labor (search for similar items in EconPapers)
JEL-codes: D83 E24 J30 (search for similar items in EconPapers)
Date: 2023-12-21
New Economics Papers: this item is included in nep-lma
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Citations: View citations in EconPapers (2)

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Working Paper: Online Job Posts Contain Very Little Wage Information (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmoi:97512

DOI: 10.21034/iwp.83

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