What is measured by vacancy measures?


Project leader


Funding source

Swedish Institute for Labour Market Policy Evaluation (IFAU)


Project Details

Start date: 01/11/2013
End date: 01/11/2014
Funding: 70000 SEK


Description

In modern labor market models, the total number of vacancies in an economy is a key variable. To assess labor market performance in light of these models, many statistical agencies have started to compile data on job openings and construct measures of vacancies in the economy. However, to date there has been little research documenting how well these vacancy measures correspond to actual job creation on the plant level. Such analysis is important as it will allow us to gauge the share of jobs that are created without an observed vacancy. If this share of unobserved vacancies displays an unstable relationship with the observed number of vacancies in the economy, this can have important consequences for a range of labor market analyses done within the search-matching framework.
In this project we set out to investigate the robustness of vacancy measures. In particular we seek to answer two research questions: (i) Do unobserved vacancies display a stable relationship to the number of observed vacancies among employers? (ii) If vacancies are mismeasured, how large are the consequences for labor market analysis within the search-matching framework?
To conduct our analysis we are applying for funding as well as access to the firm level IFAU database. The database contains information on employment creation and termination and we wish to merge this database with (i) the vacancy survey from SCB and (ii) the vacancy database from the Public Employment Survey

Last updated on 2017-24-03 at 12:57