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Skill Demand and Wages. Evidence from Online Job Postings in Austria
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ziegler, Lennart |
| Copyright Year | 2019 |
| Abstract | What are the current skill requirements on the labor market and to what extent do these skills explain wages? While most studies analyze test score or survey data, this paper follows a different approach and infers skills from online job ads. Using more than 100,000 job postings published on Austria’s major employment website, we identify the most common skill requirements mentioned in job descriptions. Because employers in Austria are legally required to state the minimum remuneration for advertised positions, it is possible to estimate the returns to these skill requirements using ad-level variation. Accounting for required education, firm and occupation fixedeffects, we find a robust association between the number of skill requirements and posted wages. In particular, job ads with many skill requirements pay substantially higher wages. While we estimate large effects for managerial and analytical skills, returns to most soft skills are small. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://conference.iza.org/conference_files/JuniorSenior_2019/ziegler_l22331.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
