-term vacancy--defined as nonseasonal housing units that have been vacant for an unusually long period of time--to quantify the … extent of excess supply in the housing market. I find that long-term vacancy is less than 2 percent of all nonseasonal … housing units and accounts for only one quarter of the aggregate increase in nonseasonal vacancy from 2001 to 2011. Thus, at …

We develop new evidence on job recruitments and vacancy durations using a rich source of data on individual hires. Our … sum to the full vacancy duration. In addition, we link our micro data on recruitments and new hires to additional data on … vacancy duration of 76 calendar days and 53 working days, strongly varying between occupations. Hazard functions fit to micro …

focuses on methodological issues arising from the usage of online job vacancy data and voluntary web-based surveys to analyse …

in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … cyclically volatile. Vacancy costs are particularly affected by this Nash equilibrium. Because this Pareto inefficient path … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …

We study the impact of commercial property taxation on vacancy rates and rents in the UK, using a new data-set, and … rates. Rental rates move in the opposite direction to vacancy rates, except in the case of empty property relief. All these …