Wage and unemployment: evidence from online job vacancy data
Research output: Contribution to journal › Article › peer-review
Colleges, School and Institutes
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.
|Journal||Journal of Comparative Economics|
|Early online date||22 May 2021|
|Publication status||E-pub ahead of print - 22 May 2021|
- Phillips curve, wage curve, heterogeneity, micro data, online vacancies