Vacancy Durations and Entry Wages: Evidence from Linked Vacancy-Employer-Employee Data

• 成果类型: Article
• 署名作者: Mueller, Andreas, I; Osterwalder, Damian; Zweimuller, Josef; Kettemann, Andreas
• 署名单位: University of Texas System; University of Texas Austin; University of Zurich
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdad051
• 发表日期: 2024
• 页码: 1807-1841
• 关键词: EMPIRICAL-ANALYSIS; Matching function; job search; BEHAVIOR; unemployment; RECRUITMENT; dispersion; DYNAMICS; MODEL; firm

摘要

This article explores the relationship between the duration of a vacancy and the starting wage of a new job, using linked data on vacancies, the posting establishments, and the workers eventually filling the vacancies. The unique combination of large-scale, administrative worker, establishment, and vacancy data is critical for separating establishment- and job-level determinants of vacancy duration from worker-level heterogeneity. Conditional on observables, we find that vacancy duration is negatively correlated with the starting wage and its establishment component, with precisely estimated elasticities of -0.07 and -0.21, respectively. While the negative relationship is qualitatively consistent with search-theoretic models where firms use the wage as a recruiting device, these elasticities are small, suggesting that firms' wage policies can account only for a small fraction of the variation in vacancy filling across establishments.