@TechReport{iza:izadps:dp16371,
            	author={Bassier, Ihsaan and Manning, Alan and Petrongolo, Barbara},
            	title={Vacancy Duration and Wages},
            	year={2023},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={16371},
            	url={https://www.iza.org/index.php/publications/dp16371},
	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.},
	keywords={vacancy duration;monopsony;wages},
            }