Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279069 
Year of Publication: 
2023
Series/Report no.: 
IZA Discussion Papers No. 16371
Publisher: 
Institute of Labor Economics (IZA), Bonn
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 identifies duration elasticities by leveraging firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and control for job and market-level 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.
Subjects: 
vacancy duration
monopsony
wages
JEL: 
J42
J63
J64
Document Type: 
Working Paper

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