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English

How Broadband Internet Affects Labor Market Matching

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Forfattere:

Bhuller, Manudeep, Andreas R. Kostøl & Trond C. Vigtel

År:

2019

Referanse:

Memorandum
Nummer i serie: 10

Summary

How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi-experimental variation in internet use. This paper helps fill this gap using plausibly exogenous roll-out of broadband infrastructure in Norway, and comprehensive data on recruiters, vacancies and job seekers. We document that broadband expansions increased online vacancy-postings and lowered the average duration of a vacancy and the share of establishments with unfilled vacancies. These changes led to higher job-finding rates and starting wages and more stable employment relationships after an unemployment-spell. Consequently, our calculations suggest that the steady-state unemployment rate fell by as much as one-fifth.

Nøkkelord:

Unemployment; Information; Job Search; Matching

JEL:

D83, J63, J64, L86