Vacancy Durations and Entry Wages: Evidence from Linked Vacancy–Employer–Employee Data
利用职位空缺、雇主和员工的关联数据，研究发现职位空缺持续时间与入职工资及其企业成分负相关，但弹性较小，表明工资政策只能解释企业间招聘速度差异的一小部分。
Abstract 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.