Vacancy Duration and Wages
利用英国在线招聘广告数据，估计了工资对职位空缺时长的影响弹性，发现弹性在-3到-5之间，远高于现有估计。
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 leverages firm-level wage policies that are plausibly exogenous to hiring difficulties on specific job vacancies, and controls for job and marketlevel 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.