Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305476 
Year of Publication: 
2024
Series/Report no.: 
Staff Reports No. 1124
Publisher: 
Federal Reserve Bank of New York, New York, NY
Abstract: 
How informative are job ads about the actual pay and amenities offered by employers? Using a comprehensive database of job ads posted by Norwegian employers, we develop a methodology to systematically classify the information on both pay and non-pay job attributes advertised in vacancy texts. We link this information to measures of employer attractiveness, which we derive from a job search model estimated on observed wages and worker mobility flows. About 55 percent of job ads provide information related to pay and nearly all ads feature information on non-pay attributes. We show that publicly advertised job attributes are meaningful predictors of employer attractiveness, and non-pay attributes are about as predictive as pay-related attributes. High-pay employers mention pay-related attributes more often, while high-amenity employers are more likely to advertise flexible working hours and contract duration.
Subjects: 
amenities
non-pecuniary job attributes
compensating differentials
worker mobility
information frictions
pay transparency
job ads
text analysis
vacancy duration
JEL: 
J23
J32
J33
J62
J63
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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