In work with Brenda Samaniego, Steven J. Davis, the William H. Abbott Professor of Economics at the University of Chicago Booth School of Business, uses job postings from an online platform for IT occupations, Dice.com, to learn about the life cycle of a job ad. Davis and Samaniego find that posting duration is fairly short: 80 percent of job ads receive most of their total applications within one week of their first appearance; many have been removed by one month from their initial posting. Though the typical vacancy on Dice .com attracts only about five applicants, the typical applicant competes with many other job seekers because a small share of postings receive the bulk of applications. In particular, job seekers disproportionately target new job postings.
Chosen excerpts by Job Market Monitor. Read the whole story at The Economics of Job Search: New Insights from an Upjohn Institute-Federal Reserve Bank of Chicago Conference