IDEAS home Printed from https://ideas.repec.org/p/iab/iabfob/201204.html
   My bibliography  Save this paper

Können offene Stellen als Vorlaufindikator für Neueinstellungen dienen? : Ergebnisse aus der IAB-Erhebung des gesamtwirtschaftlichen Stellenangebots

Author

Listed:
  • Bleninger, Philipp

    (IAB)

  • Kettner, Anja

    (Institute for Employment Research (IAB), Nuremberg, Germany)

  • Pausch, Stephanie

    (IAB)

  • Szameitat, Jörg

    (Institute for Employment Research (IAB), Nuremberg, Germany)

Abstract

"In economic research, empirical evidence has been missing on the question whether vacancies can be seen as a forward indicator for employment. Discussing current trends in vacancies, this is often assumed: An increase in the number of job vacancies gets linked to good prospects for employment. What has been missing is empirical evidence that is grounded on representative data for an economy as a whole. Based on data from the German Job Vacancy Survey, we shed some light on the relationship between job vacancies and hires. For the first time this is explored with data on job vacancies in Germany that is representative for the economy as a whole. We estimate a dynamic linear panel model taking into account the time series structure of the data. The analyses show a significant and positive relationship between immediately to be filled vacancies and new hires. The latter were drawn from the statistics of the German Federal Employment Agency. The effect is strongest with a time-lag of two quarters. Including marginal, small-scale employment (geringfügige Beschäftigung) into our estimation we also found a positive and significant effect of vacancies on hirings in the same quarter. The findings presented herein will be the starting point for our further research on the role of job vacancies in the labor market." (Author's abstract, IAB-Doku) ((en))

Suggested Citation

  • Bleninger, Philipp & Kettner, Anja & Pausch, Stephanie & Szameitat, Jörg, 2012. "Können offene Stellen als Vorlaufindikator für Neueinstellungen dienen? : Ergebnisse aus der IAB-Erhebung des gesamtwirtschaftlichen Stellenangebots," IAB-Forschungsbericht 201204, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
  • Handle: RePEc:iab:iabfob:201204
    as

    Download full text from publisher

    File URL: https://doku.iab.de/forschungsbericht/2012/fb0412.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pissarides, C A, 1979. "Job Matchings with State Employment Agencies and Random Search," Economic Journal, Royal Economic Society, vol. 89(356), pages 818-833, December.
    2. Gross, Dominique M., 1993. "Equilibrium vacancy and unemployment: A flow approach to the beveridge curve," Journal of Macroeconomics, Elsevier, vol. 15(2), pages 301-327.
    3. Christopher A. Pissarides & Barbara Petrongolo, 2001. "Looking into the Black Box: A Survey of the Matching Function," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 390-431, June.
    4. Andrea Weber, 2000. "Vacancy durations - a model for employer's search," Applied Economics, Taylor & Francis Journals, vol. 32(8), pages 1069-1075.
    5. Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1988. "Estimating Vector Autoregressions with Panel Data," Econometrica, Econometric Society, vol. 56(6), pages 1371-1395, November.
    6. Steven J. Davis & R. Jason Faberman & John C. Haltiwanger, 2013. "The Establishment-Level Behavior of Vacancies and Hiring," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(2), pages 581-622.
    7. Mortensen, Dale T., 1994. "The cyclical behavior of job and worker flows," Journal of Economic Dynamics and Control, Elsevier, vol. 18(6), pages 1121-1142, November.
    8. Olivier Blanchard, 2006. "European unemployment: the evolution of facts and ideas [‘The macroeconomics of low inflation’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(45), pages 6-59.
    9. Oliver Jean Blanchard & Peter Diamond, 1989. "The Beveridge Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(1), pages 1-76.
    10. Judson, Ruth A. & Owen, Ann L., 1999. "Estimating dynamic panel data models: a guide for macroeconomists," Economics Letters, Elsevier, vol. 65(1), pages 9-15, October.
    11. Mortensen, Dale & Pissarides, Christopher, 2011. "Job Creation and Job Destruction in the Theory of Unemployment," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 1-19.
    12. Katharine G. Abraham, 1987. "Help-Wanted Advertising, Job Vacancies, and Unemployment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 18(1), pages 207-248.
    13. Gorter, Cees & Hassink, Wolter H. J. & Russo, Giovanni, 2003. "The structure of hiring and labour market tightness," Economics Letters, Elsevier, vol. 80(1), pages 99-103, July.
    14. Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Western Economic Association International, vol. 14(3), pages 347-368, September.
    15. Klinger, Sabine & Gartner, Hermann, 2008. "Ein janusköpfiger Aufschwung: Beschäftigungsgewinne und Polarisierung," WSI-Mitteilungen, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 61(8), pages 439-446.
    16. Lars Behrenz, 2002. "The Employment Service and Vacancy Durations," Evaluation Review, , vol. 26(6), pages 602-617, December.
    17. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brenzel, Hanna & Czepek, Judith & Kiesl, Hans & Kriechel, Ben & Kubis, Alexander & Moczall, Andreas & Rebien, Martina & Röttger, Christof & Szameitat, Jörg & Warning, Anja & Weber, Enzo, 2016. "Revision der IAB-Stellenerhebung : Hintergründe, Methode und Ergebnisse," IAB-Forschungsbericht 201604_de, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    2. repec:iab:iabfob:201604 is not listed on IDEAS
    3. repec:iab:iabfob:201604(de is not listed on IDEAS
    4. Brenzel, Hanna & Czepek, Judith & Kiesl, Hans & Kriechel, Ben & Kubis, Alexander & Moczall, Andreas & Rebien, Martina & Röttger, Christof & Szameitat, Jörg & Warning, Anja & Weber, Enzo, 2016. "Revision of the IAB job vacancy survey : backgrounds, methods and results (Revision der IAB-Stellenerhebung : Hintergründe, Methode und Ergebnisse)," IAB-Forschungsbericht 201604_en, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rogerson, Richard & Shimer, Robert, 2011. "Search in Macroeconomic Models of the Labor Market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 7, pages Pages: 61, Elsevier.
    2. Mary Daly & Bart Hobijn & Aysegul Sahin & Robert Valletta, 2011. "A Rising Natural Rate of Unemployment: Transitory or Permanent?," Tinbergen Institute Discussion Papers 11-160/3, Tinbergen Institute.
    3. Daly, Mary C. & Hobijn, Bart & Valletta, Robert G., 2011. "The Recent Evolution of the Natural Rate of Unemployment," IZA Discussion Papers 5832, Institute of Labor Economics (IZA).
    4. Carlsson, Mikael & Eriksson, Stefan & Gottfries, Nils, 2006. "Testing Theories of Job Creation: Does Supply Create Its Own Demand?," Working Paper Series 194, Sveriges Riksbank (Central Bank of Sweden).
    5. Regis Barnichon & Andrew Figura, 2015. "Labor Market Heterogeneity and the Aggregate Matching Function," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(4), pages 222-249, October.
    6. Yashiv, Eran, 2007. "Labor search and matching in macroeconomics," European Economic Review, Elsevier, vol. 51(8), pages 1859-1895, November.
    7. Christoffel, Kai & Kuester, Keith & Linzert, Tobias, 2009. "The role of labor markets for euro area monetary policy," European Economic Review, Elsevier, vol. 53(8), pages 908-936, November.
    8. Steven J. Davis & R. Jason Faberman & John C. Haltiwanger, 2013. "The Establishment-Level Behavior of Vacancies and Hiring," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(2), pages 581-622.
    9. Bruce Fallick & Charles A. Fleischman, 2001. "The importance of employer-to-employer flows in the U.S. labor market," Finance and Economics Discussion Series 2001-18, Board of Governors of the Federal Reserve System (U.S.).
    10. Fujita, Shigeru & Ramey, Garey, 2007. "Job matching and propagation," Journal of Economic Dynamics and Control, Elsevier, vol. 31(11), pages 3671-3698, November.
    11. Amaral, Pedro S. & Tasci, Murat, 2016. "The cyclical behavior of equilibrium unemployment and vacancies across OECD countries," European Economic Review, Elsevier, vol. 84(C), pages 184-201.
    12. Launov, Andrey & Wälde, Klaus, 2016. "The employment effect of reforming a public employment agency," European Economic Review, Elsevier, vol. 84(C), pages 140-164.
    13. Lisauskaite, Elena, 2022. "Matching Efficiency and Heterogeneous Workers in the UK," IZA Discussion Papers 15610, Institute of Labor Economics (IZA).
    14. Klinger, Sabine & Weber, Enzo, 2014. "Decomposing Beveridge curve dynamics by correlated unobserved components: The impact of labour market reforms in Germany," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100499, Verein für Socialpolitik / German Economic Association.
    15. Yashiv, Eran, 2006. "Evaluating the performance of the search and matching model," European Economic Review, Elsevier, vol. 50(4), pages 909-936, May.
    16. Shigeru Fujita & Garey Ramey, 2005. "The Dynamic Beveridge Curve," Macroeconomics 0509026, University Library of Munich, Germany.
    17. R. Jason Faberman, 2009. "Studying the Labor Market with the Job Openings and Labor Turnover Survey," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 83-108, National Bureau of Economic Research, Inc.
    18. Richard Rogerson & Robert Shimer & Randall Wright, 2004. "Search-Theoretic Models of the Labor Market-A Survey," NBER Working Papers 10655, National Bureau of Economic Research, Inc.
    19. Mary C. Daly & Bast Hobijn & Ayşeqül Şahin & Robert G. Valletta, 2012. "Rynki pracy w modelu poszukiwań i dopasowań: czy naturalna stopa bezrobocia rzeczywiście wzrosła?," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 147-172.
    20. Steven Davis, 2010. "EconomicDynamics Interviews Steven Davis on Labor Market Dynamics," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 12(1), November.

    More about this item

    Keywords

    Bundesrepublik Deutschland ; Beschäftigungsentwicklung ; Indikatorenbildung ; offene Stellen ; Personaleinstellung ; Prognostik ; Arbeitsplatzangebot ; 2005-2008;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iab:iabfob:201204. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: IAB, Geschäftsbereich Wissenschaftliche Fachinformation und Bibliothek (email available below). General contact details of provider: https://edirc.repec.org/data/iabbbde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.