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Do High-Wage Jobs Attract More Applicants? Directed Search Evidence from the Online Labor Market
| Indexado |
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| DOI | 10.1086/702627 | ||||
| Año | 2019 | ||||
| Tipo | artículo de investigación |
Citas Totales
Autores Afiliación Chile
Instituciones Chile
% Participación
Internacional
Autores
Afiliación Extranjera
Instituciones
Extranjeras
Abstract
Labor markets become more efficient in theory if job seekers direct their search. Using online job board data, we show that high-wage ads attract more applicants as in directed search models. Due to distinctive data features, we also estimate significant but milder directed search for hidden (or implicit) wages, suggesting that ad texts and requirements tacitly convey wage information. Since explicit-wage ads often target unskilled workers, other estimates in the literature ignoring hidden-wage ads may suffer from selection bias. Moreover, job ad requirements are aligned with their applicants' traits, as predicted in directed search models with heterogeneity.
| Ord. | Autor | Género | Institución - País |
|---|---|---|---|
| 1 | Banfi, Stefano | Hombre |
Chilean Minist Energy - Chile
Chilean Ministry of Energy - Chile |
| 2 | Villena-Roldan, Benjamin | Hombre |
Universidad de Chile - Chile
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| Fuente |
|---|
| Ministerio de Economía, Fomento y Turismo |
| Fondo Nacional de Desarrollo Científico y Tecnológico |
| Comisión Nacional de Investigación Científica y Tecnológica |
| Ministerio de Economía, Fomento y Turismo, Chile |
| Proyecto Comision Nacional de Investigacion Cientifica y Tecnologica (CONICYT) Programa de Investigation Asociativa (PIA) |
| scholarship CON ICYT |
| Fondo Nacional de Dcsarrollo Cientifico y Tecnologico (FONDECYT) |
| Institute for Research in Market Imperfections and Public Policy, Iniciativa Cientifica Milenio, Ministerio de Economia, Fomento v Turismo de Chile |
| Central Bank of Chile |
| Chilean Economic Society |
| CONICYT-Magister |
| Agradecimiento |
|---|
| We thank Sekyu Choi, Andrew Davis, Elton Dusha, Felipe Balmaceda, Guido Menzio, Christian Holzncr, Philipp Kircher, Randy Wright, Mike Fishy, Brian Tavares, David Wiczer, Alexander Monge, Richard Mansfield, Jennifer Klein, Maximiliano Dv orkin, Jose Mustre-d el -Rio, Jon Willis, Marianna Ku dlyak, Toshihiko Mukoyama, Robert Hall, Kory Kroft, Sofia Bauducco, and Alvaro Aguirre for advice and discussions at several stages of this project. We also thank participants at presentations at the St. Louis Fed, the 2016 American Economic Association Meeting, the 2015 Santiago Search and Matching Meeting, the Kansas City Fed, the 2015 Fall Midwest Macro Meeting, the Chilean Economic Society, the Central Bank of Chile, and the 2015 Annual SaM Meeting. For financial support, Benjamin Villena-Roldin thanks Fondo Nacional de Dcsarrollo Cientifico y Tecnologico (FONDECYT) project 1151479, Proyecto Comision Nacional de Investigacion Cientifica y Tecnologica (CONICYT) Programa de Investigation Asociativa (PIA) SOC 1402, and the Institute for Research in Market Imperfections and Public Policy, Iniciativa Cientifica Milenio IS130002, Ministerio de Economia, Fomento v Turismo de Chile. Stefano Banfi is thankful for scholarship CON ICYT-Magister Nacional year 2013-22130110. We are indebted to ww-w.trabajando.com for providing the data and especially to Ignacio Brunner and Alvaro Vargas for valuable practical insights regarding the data structure and labor market behavior. Contact the corresponding author, Benjamin Villena-Roldan, at benjamin@benjanu'nvillena.com.Information concerning access to the data used in this paper is available as supplemental material online. |
| St. Louis Fed, the 2016 American Economic Association Meeting, the 2015 Santiago Search and Matching Meeting, the Kansas City Fed, the 2015 Fall Midwest Macro Meeting, the Chilean Economic Society, the Central Bank of Chile, and the 2015 Annual SaM Meeting. For financial support, Benjamín Villena-Roldán thanks Fondo Nacional de Desarrollo Científico y Tecnológico (FONDECYT) project 1151479, Proyecto Comisión Nacional de Investigación Científica y Tecnológica (CONICYT) Programa de Investigación Asociativa (PIA) SOC 1402, and the Institute for Research in Market Imperfections and Public Policy, Iniciativa Cientifica Milenio IS130002, Ministerio de Economía, Fomento y Turismo de Chile. Stefano Banfi is thankful for scholarship CONICYT-Magister Nacional year 2013-22130110. We are indebted to www.trabajando.com for providing the data and especially to Ignacio Brunner and Álvaro Vargas for valuable practical insights regarding the data structure and labor market behavior. Contact the corresponding author, Benjamín Villena-Roldán, at benjamin@benjaminvillena.com. Information concerning access to the data used in this paper is available as supplemental material online. |
