Do High-Wage Jobs Attract more Applicants? Directed Search Evidence from the Online Labor Market

Stefano Banfi and Benjamin Villena-Roldan ()

MPRA Paper from University Library of Munich, Germany

Abstract: Labor markets become more efficient in theory if jobseekers direct their search. Using online job board data, we show that high-wage ads attract more applicants as in directed search models. Due to distinctive data features, we also estimate significant but milder directed search for hidden (or implicit) wages, suggesting that ad texts and requirements tacitly convey wage information. Since explicit-wage ads often target unskilled workers, other estimates in the literature ignoring hidden-wage ads may suffer from selection bias. Moreover, job ad requirements are aligned with their applicants' traits, as predicted in directed search models with heterogeneity.

Keywords: Directed search; wage posting; online job search (search for similar items in EconPapers)
JEL-codes: E24 J42 J64 (search for similar items in EconPapers)
Date: 2018-04-01
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Related works:
Working Paper: Do High-Wage Jobs Attract more Applicants? Directed Search Evidence from the Online Labor Market (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91756

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