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Wage and unemployment: evidence from online job vacancy data

Faryna, O., Pham, T., Talavera, O. and Tsapin, A. (2021) Wage and unemployment: evidence from online job vacancy data. Journal of Comparative Economics. ISSN 0147-5967

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To link to this item DOI: 10.1016/j.jce.2021.05.003

Abstract/Summary

This paper examines the relationship between labour market conditions and wage dynamics by exploiting a unique dataset of more than one million online job vacancies. We find a weak trade-off between aggregate wage inflation and unemployment. This link becomes more evident when the wage inflation is disaggregated at the sectoral and occupational level. The examination, using vacancy-level data, shows a negative correlation between offered wage and unemployment. The degree of wage elasticity, however, is different across regions and skill segments. Our findings suggest the importance of micro-level data’s unique dimensions in examining the wage – unemployment relationship.

Item Type:Article
Refereed:Yes
Divisions:Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
ID Code:97951
Publisher:Elsevier

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