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Title page
Contents
Abstract 3
1. Introduction 4
2. Data 8
2.1. Peru - Skills and Employers' Recruiting Data 8
2.2. USA 10
3. Skill flattening in Peru 11
4. Hiring technology in Peru 12
4.1. Are firms in Peru slow to hire? 12
4.2. Are firms in Peru inefficient in hiring? 14
5. A stylized model with production complementarity and separation shocks 15
6. Conclusions 17
7. Figures and Tables 19
References 24
Appendix (for online publication only) 26
A. On the measurement of skills 26
B. Additional information on Peruvian survey design 28
C. Summary statistics from the data 29
D. Additional empirical results 31
E. Proofs 36
Table 1. Aggregate daily filling rate. The aggregate daily filling rate in Peru is 0.11, which implies that the aggregate vacancy duration is 9.1 days. This is about... 22
Table 2. Recruiting methods in Peru and the US. Methods based on networks play an outsized role in recruiting in both countries. In general, there are only muted... 23
Figure 1. Peruvian jobs are more likely to report a larger number of important skills with respect to US jobs, and 25% of Peruvian jobs has all nine skill dimensions... 19
Figure 2. Most jobs in Peru have lower coefficients of variation and thus lower specialization than in the US. 20
Figure 3. Hiring specialists becomes less and less attractive as job separations become more frequent 21
Table A.1. Description of Job Skills 27
Table C.1. Individual characteristics (SSERB-Peru) 29
Table C.2. Employers' characteristics (SSERB-Peru) 30
Table C.3. Employers' characteristics (SERB-USA) 30
Figure D.1. The distribution of skill importances in Peru is to the right of that in the US. 31
Figure D.2. When employment-weighted, 18% of Peruvian jobs rates all skills as at least important 32
Figure D.3. Peruvian jobs feature a more uniform occupational skill importance distribution than US ones. The within-occupational coefficient of variation is 49%... 33
Figure D.4. Peruvian workers do a little bit of everything, they are "toderos", regardless of the current occupational title. Hence, the skill importance distribution... 34
Figure D.5. In Peru, there are workers in each wage quartile for every major occupational group 35
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