Wage and unemployment: evidence from online job vacancy data

Oleksandr Faryna; Tho Pham; Oleksandr Talavera; Andriy Tsapin

doi:10.1016/j.jce.2021.05.003

Wage and unemployment: evidence from online job vacancy data

Oleksandr Faryna
, Tho Pham^*
, Oleksandr Talavera
, Andriy Tsapin

^*Corresponding author for this work

Economics

Research output: Contribution to journal › Article › peer-review

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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.

Original language	English
Pages (from-to)	52-70
Number of pages	19
Journal	Journal of Comparative Economics
Volume	50
Issue number	1
Early online date	22 May 2021
DOIs	https://doi.org/10.1016/j.jce.2021.05.003
Publication status	Published - Mar 2022

Bibliographical note

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Phillips curve
heterogeneity
micro data
online vacancies
wage curve

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FarynaO2021WageAccepted author manuscript, 468 KBLicence: Creative Commons: Attribution-NonCommercial-NoDerivs (CC BY-NC-ND)

Cite this

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title = "Wage and unemployment: evidence from online job vacancy data",

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KW - micro data

KW - online vacancies

KW - wage curve

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Wage and unemployment: evidence from online job vacancy data

Abstract

Bibliographical note

UN SDGs

Keywords

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Cite this