Posted Wage Cyclicality: Evidence from High-Quality Vacancy Data

Sekyu Choi, Benjamin Villena-Roldan and Nincen Figueroa

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: We estimate high real wage cyclicality using over a decade of online job ads. Our unique, high-quality data—featuring reliable wage rates, firm identifiers, job titles, hiring standards, vacancy counts, and applicant demographics— provides an accurate measure of firms’ marginal labor cost due to its demand-side and ex ante nature and leads to dependable estimates. Crucially, omitting countercyclical hiring standards leads to underestimating real wage procyclicality. A search and matching model with endogenous hiring standards rationalizes these findings, showing how highquality data is crucial for understanding labor market dynamics

Date: 2025-04-02
New Economics Papers: this item is included in nep-dge and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.bristol.ac.uk/efm/media/workingpapers/w ... pdffiles/dp25812.pdf (application/pdf)

Related works:
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:bri:uobdis:25/812

Access Statistics for this paper

More papers in Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK
Bibliographic data for series maintained by School of Economics Research Support Team ().