TY  - RPRT
        AU  - Bassier, Ihsaan
AU  - Manning, Alan
AU  - Petrongolo, Barbara
        TI  - Vacancy Duration and Wages
        PY  - 2023/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 16371
        UR  - https://www.iza.org/index.php/publications/dp16371
        AB  - 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.
        KW  - vacancy duration
KW  - monopsony
KW  - wages
        ER  -