Vacancy duration and wages

Ihsaan Bassier, Alan Manning and Barbara Petrongolo

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We estimate the elasticity of vacancy duration with respect to posted wages, using data from the near-universe of online job adverts in the United Kingdom. Our research design leverages firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and controls for job and marketlevel fixed-effects. Wage policies are defined based on external information on pay settlements, or on sharp, internally-defined, firm-level changes. In our preferred specifications, we estimate duration elasticities in the range −3 to −5, which are substantially larger than the few existing estimates.

JEL-codes: C1 J01 J1 R14 (search for similar items in EconPapers)
Date: 2025-03-05
New Economics Papers: this item is included in nep-eur, nep-hrm and nep-ltv
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Published in Review of Economics and Statistics, 5, March, 2025, pp. 1-28. ISSN: 0034-6535

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