Online Job Posts Contain Very Little Wage Information

Honey Batra, Amanda Michaud and Simon Mongey

No 31984, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We present six facts that characterize the little wage information contained in the universe of online job posts in the U.S. First, wage information is rare: only 14% of posts contain any wage information and the minority of these (6%) have a point wage. The majority (8%) feature a range of wages that are on average wide, spanning 28% of the midpoint (e.g. $21-28/hr or $32,000-$42,000/yr). Second, information varies systematically along the occupation-wage gradient. Third, posted wages are 40% higher than wages in BLS data in low-wage occupations and 20% lower than BLS data in high-wage occupations. Fourth, among the wages that are posted, high wage firms are more opaque, with more and wider ranges. Fifth, there is zero correlation between wage information and local labor market tightness. Sixth, of the top 20 posting private firms, none have any wage information in more than 2% of their posts. Our findings caution against treating wage data from job postings as a stand-in for administrative data. We provide an example of bias in econometric inference that worsens as wage information falls.

JEL-codes: E20 J30 (search for similar items in EconPapers)
Date: 2023-12
New Economics Papers: this item is included in nep-big and nep-lma
Note: EFG LS
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.nber.org/papers/w31984.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html. Free access is also available to older working papers.

Related works:
Working Paper: Online Job Posts Contain Very Little Wage Information (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:31984

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w31984
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().