Wage and unemployment: evidence from online job vacancy data

Faryna, O., Pham, T., Talavera, O. and Tsapin, A. (2022) Wage and unemployment: evidence from online job vacancy data. Journal of Comparative Economics, 50 (1). pp. 52-70. ISSN 0147-5967 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
URI	https://reading-clone.eprints-hosting.org/id/eprint/97951
Identification Number/DOI	10.1016/j.jce.2021.05.003
Refereed	Yes
Divisions	Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
Publisher	Elsevier
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