This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. Journals
  3. American Economic Review
  4. May 2012
  5. Recruiting Intensity during and after the Great Recession: National and Industry Evidence

Recruiting Intensity during and after the Great Recession: National and Industry Evidence

Download Full Text PDF

Abstract

We measure job-filling rates and recruiting intensity per vacancy at the national and industry levels from January 2001 to September 2011 using data from the Job Openings and Labor Turnover Survey. Industry-level movements in these variables are at odds with implications of the standard matching function in labor search theory but consistent with a generalized function that incorporates an important role for recruiting intensity. Construction makes up less than five percent of employment but accounts for more than 40 percent of the large swings in the job-filling rate during and after the Great Recession.

Citation

Davis, Steven J., R. Jason Faberman, and John C. Haltiwanger. 2012. "Recruiting Intensity during and after the Great Recession: National and Industry Evidence." American Economic Review, 102 (3): 584-88. DOI: 10.1257/aer.102.3.584

JEL Classification

  • E32 Business Fluctuations; Cycles
  • E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
  • J23 Labor Demand
  • J63 Labor Turnover; Vacancies; Layoffs