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Vacancy Duration, Wage Offers, and Job Requirements: Pre-Match Data Evidence

Research output: Contribution to conferencePaperResearchpeer-review

  • Department of Economics
  • Center for Corporate Performance (CCP)

Besides wage offers, credentials like education, work experience and skill requirements are key screening tools for firms in their recruitment of new employees. This paper adds some new evidence to a relatively tiny literature on firms' recruitment behaviour. In particular, our analysis is concerned with how vacancy durations vary with firms' minimum wage offers and minimum job requirements (regarding education, skills, age, gender and earlier work experience). The empirical analysis is based on ten employer surveys carried out by the DGBAS on Taiwan during the period 1996-2006. We estimate logistic discrete hazard models with a rich set of job and firm characteristics as explanatory variables. The results show that vacancies associated with higher wage offers take, ceteris paribus, longer to be filled. The impact of firms' wage offers and credential requirements does not vary over the business cycle. However, firms vary their skills requirements over the business cycle: our empirical analysis shows that, for a given wage offer, requirements are stricter in recessions and downturns. Separating between reasons for posting vacancies turned out important in explaining differences in vacancy durations. The duration of vacancies due to regular turnover and  changing business cycle condition are less affected by skill requirements than that of other vacant jobs. 

Original languageEnglish
Publication year2009
Publication statusPublished - 2009
EventThe EALE 2009 conference. The 21st Annual Conference og the European Association of Labour Economists - Tallinn, Estonia
Duration: 10 Sep 200912 Sep 2009

Conference

ConferenceThe EALE 2009 conference. The 21st Annual Conference og the European Association of Labour Economists
CountryEstonia
CityTallinn
Period10/09/200912/09/2009

    Research areas

  • Job vacancies, Recruitment, Wage offers, Job requirements

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