Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232890 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14138
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We investigate employer recruiting behavior, using detailed firm-level data from a national survey of employers hiring recent college graduates. We show employers adjust recruiting effort, hiring standards, and compensation with the business cycle, beliefs about tightness, and their own hiring plans. We then show that firms expending greater recruiting effort hire more individuals per vacancy. The results suggest that when firms want to increase hires they adjust vacancies and recruiting intensity per vacancy, which may help explain the breakdown in the standard matching function during the Great Recession. Our measure of recruiting effort explains roughly 16% of the residual elasticity of the vacancy yield with respect to hires.
Subjects: 
recruiting intensity
vacancy yield
labor market search and matching
recent college graduates
JEL: 
J63
D20
E24
Document Type: 
Working Paper

Files in This Item:
File
Size
568.67 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.