Vacancies, employment outcomes and firm growth: Evidence from Denmark

Jesper Bagger, Francois Fontaine, Manolis Galenianos and Ija Trapeznikova
Additional contact information
Jesper Bagger: University of London [London], Aarhus University [Aarhus]

PSE-Ecole d'économie de Paris (Postprint) from HAL

Abstract: We use comprehensive data from Denmark that merge online job advertisements with a matched employer-employee dataset and a firm-level dataset with information on revenues and value added to study the relationship between vacancy-posting and various firm outcomes. Vacancy-posting is associated with a 4.4 percentage point increase in a firm's hiring rate and 85% of the additional hiring occurs within two months. The response of hiring from employment is twice as large as the response of hiring from non-employment. Firms that are smaller, low-wage and fast-growing are associated with larger hiring responses and that response materializes faster at larger firms, low-wage firms and fast-growing firms. We also find that separations are associated with subsequent vacancy-posting and this effect is stronger for separations to employment, consistent with replacement hiring and the presence of vacancy chains. Growth in revenue and value added strongly predict vacancy-posting, with negative shocks having a stronger effect than positive shocks and larger shocks having less-than-proportional responses.

Keywords: Vacancies; Hiring; Separations; Employment growth; Firm growth; Value added; Revenue (search for similar items in EconPapers)
Date: 2022-04
References: Add references at CitEc
Citations:

Published in Labour Economics, 2022, 75, ⟨10.1016/j.labeco.2021.102103⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Vacancies, employment outcomes and firm growth: Evidence from Denmark (2022)
Working Paper: Vacancies, employment outcomes and firm growth: Evidence from Denmark (2022)
Working Paper: Vacancies, Employment Outcomes and Firm Growth: Evidence from Denmark (2021)
Working Paper: Vacancies, Employment Outcomes and Firm Growth: Evidence from Denmark (2020)
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:hal:pseptp:halshs-03761444

DOI: 10.1016/j.labeco.2021.102103

Access Statistics for this paper

More papers in PSE-Ecole d'économie de Paris (Postprint) from HAL
Bibliographic data for series maintained by Caroline Bauer ().