Advertising and Labor Market Matching: A Tour through the Times

• 成果类型: Article
• 署名作者: DeVaro, Jed; Guertler, Oliver
• 署名单位: California State University System; California State University East Bay; University of Cologne
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/693872
• 发表日期: 2018
• 页码: 253-307
• 关键词: internet job search; vacancy duration; network externalities; empirical-analysis; social networks; 2-sided markets; online search; RECRUITMENT; compatibility; INFORMATION

摘要

Surveying employment-related newspaper advertisements over several centuries, we identify four eras (neither workers nor firms posted ads, mostly workers posted ads, mostly firms posted ads, and both parties regularly posted ads). These eras can be understood in the context of the equilibrium of a matching model that incorporates strategic interactions by both sides of the labor market. Potential explanations for transitions across eras include increasing literacy rates, expansion of social insurance programs, growth in the labor force and firm size, reduction in mobility costs and search frictions, and the internet.