Faryna, Oleksandr, Pham, Tho, Talavera, Oleksandr et al. (1 more author) (2022) Wage and unemployment:evidence from online job vacancy data. Journal of comparative economics. pp. 52-70. ISSN 0147-5967
Abstract
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.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 Association for Comparative Economic Studies. Published by Elsevier Inc. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York) |
Depositing User: | Pure (York) |
Date Deposited: | 03 Feb 2023 12:00 |
Last Modified: | 16 Oct 2024 19:02 |
Published Version: | https://doi.org/10.1016/j.jce.2021.05.003 |
Status: | Published |
Refereed: | Yes |
Identification Number: | 10.1016/j.jce.2021.05.003 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:196014 |