Wage Posting vs. Wage Bargaining by Thomas Le Barbanchon

Join us for the latest Applied Economics Research Seminar Series event, Autumn Term 2021.

Thomas Le Barbanchon from the Department of Economics, Bocconi University will present their research on Wage Posting vs. Wage Bargaining.

Abstract

This paper studies the role of recruitment difficulties on firms' growth. We build granular measure of vacancies filling rates and time-to-fill by commuting zone X occupation X industry in France. Within a shift-share design, we then show that recruitment difficulties translate into fewer vacancies posted by firms employing workers in hard-to-recruit occupations. This hampers their employment, especially so in labor-intensive firms and when firms employ highly specific occupations. Investment, profits, and sales are in turn negatively impacted. We show that firms partially adjust to hiring difficulties by increasing wages, retaining incumbent workers, and promoting them higher up into high-pay occupations.

The seminar will begin with a presentation and will end with a Q and A session.

It will be held at 4pm on Thursday 25th November on Zoom. This event is open to all levels of study and is also open to the public. To register your place and gain access to the webinar, please contact the seminar organisers.

This event is part of the Applied Economics Research Seminar Series.