Albrecht, James W.; Decreuse, Bruno; Vroman, Susan B. - 2020
When vacancies are filled, the ads that were posted are often not withdrawn, creating "phantom" vacancies. The … existence of phantoms implies that older job listings are less likely to represent true vacancies than are younger ones. We … leads to a negative informational externality that affects all vacancies of age α and older. Thus, the magnitude of this …