%0 Report
        %A Bassier, Ihsaan
%A Manning, Alan
%A Petrongolo, Barbara
        %T Vacancy Duration and Wages
        %D 2023
        %8 2023 Aug
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 16371
        %U https://www.iza.org/index.php/publications/dp16371
        %X 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.
        %K vacancy duration
%K monopsony
%K wages