Wage Cyclicality Revisited: The Role of Hiring Standards

Sekyu Choi, Nincen Figueroa and Benjamin Villena-Roldan ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we analyze cyclicality of wages at the job level, using posted wage data from an online job board in an emerging economy. Our data contains a significant fraction of online job advertisements in the Chilean economy for the period 2009 to 2018 and is representative of the overall wage distribution of newly hired workers. One major advantage of our dataset is the availability of wage information along information on requirements for each job. We find significant levels of posted wage procyclicality, safely ignoring any cyclical mismatch. We show how omitted variable bias, by ignoring countercyclical changes in hiring standards, reduces the amount of cyclicality found in previous studies.

Keywords: Wage cyclicality; online job boards; composition bias; hiring standards (search for similar items in EconPapers)
JEL-codes: E24 J4 J6 (search for similar items in EconPapers)
Date: 2020-01
New Economics Papers: this item is included in nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://mpra.ub.uni-muenchen.de/98240/1/MPRA_paper_98240.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/98528/1/MPRA_paper_98528.pdf revised version (application/pdf)

Related works:
Working Paper: Wage Cyclicality Revisited: The Role of Hiring Standards (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:98240

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