Get the latest tech news
Why is it so hard to find a job now? Enter Ghost Jobs
This study investigates the emerging phenomenon of "ghost hiring" or "ghost jobs", where employers advertise job openings without intending to fill them. Using a novel dataset from Glassdoor and employing a LLM-BERT technique, I find that up to 21% of job ads may be ghost jobs, and this is particularly prevalent in specialized industries and in larger firms. The trend could be due to the low marginal cost of posting additional job ads and to maintain a pipeline of talents. After adjusting for yearly trends, I find that ghost jobs can explain the recent disconnect in the Beveridge Curve in the past fifteen years. The results show that policy-makers should be aware of such a practice as it causes significant job fatigue and distorts market signals.
The trend could be due to the low marginal cost of posting additional job ads and to maintain a pipeline of talents. The results show that policy-makers should be aware of such a practice as it causes significant job fatigue and distorts market signals. From: Hunter Ng [ view email][v1] Tue, 29 Oct 2024 06:13:38 UTC (892 KB)
Or read this on Hacker News
