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User profiles for author:"Robert Shimer"

Robert Shimer

Professor of Economics, University of Chicago
Verified email at uchicago.edu
Cited by 5548

The cyclical behavior of equilibrium unemployment and vacancies

[PDF] from trendmacro.com
R Shimer - American economic review, 2005 - JSTOR
This paper argues that the textbook search and matching model cannot generate the
observed business-cycle-frequency fluctuations in unemployment and job vacancies in
response to shocks of a plausible magnitude. In the United States, the standard deviation ...
Cited by 1040 - Related articles - Get it from MIT Libraries - All 33 versions

Efficient unemployment insurance

[PDF] from univ-paris1.fr
D Acemoglu… - 1998 - nber.org
This paper constructs a tractable general equilibrium model of search with risk-aversion. An
increase in risk-aversion reduces wages, unemployment, and investment. Unemployment
insurance (UI) has the reverse effect due to market generated moral hazard: insured ...
Cited by 506 - Related articles - Library Search - BL Direct - All 25 versions

Search-theoretic models of the labor market: A survey

[PDF] from tau.ac.il
Full text - MIT Libraries
R Rogerson, R Shimer… - Journal of Economic …, 2005 - ingentaconnect.com
Abstract: We survey the literature on search-theoretic models of the labor market. We show
how this approach addresses many issues, including the following: Why do workers
sometimes choose to remain unemployed? What determines the lengths of employment ...
Cited by 465 - Related articles - BL Direct - All 24 versions

Assortative matching and search

[PDF] from ucl.ac.uk
Full text - MIT Libraries
R Shimer… - Econometrica, 2000 - Wiley Online Library
In Becker's (1973) neoclassical marriage market model, matching is positively assortaive if
types are complements: ie, match output f (x, y) is supermodular in x and y. We reprise this
famous result assuming time-intensive partner search and transferable output. We prove ...
Cited by 403 - Related articles - Library Search - BL Direct - All 29 versions

Reassessing the ins and outs of unemployment

[PDF] from bcrp.gob.pe
R Shimer - 2007 - nber.org
This paper uses readily accessible data to measure the probability that an employed worker
becomes unemployed and the probability that an unemployed worker finds a job, the ins
and outs of unemployment. Since 1948, the job finding probability has accounted for three ...
Cited by 360 - Related articles - Library Search - BL Direct - All 16 versions

Productivity gains from unemployment insurance

[PDF] from newyorkfed.org
Full text - MIT Libraries
D Acemoglu… - European Economic Review, 2000 - Elsevier
This paper argues that unemployment insurance increases labor productivity by
encouraging workers to seek higher productivity jobs, and by encouraging firms to create
those jobs. We use a quantitative model to investigate whether this effect is comparable in ...
Cited by 287 - Related articles - Library Search - BL Direct - All 38 versions

Holdups and efficiency with search frictions

[PDF] from psu.edu
Full text - MIT Libraries
D Acemoglu… - International Economic Review, 1999 - Wiley Online Library
2. Abstract A natural holdup problem arises in a market with search frictions: Firms have to
make a range of investments before finding their employees, and larger investments
translate into higher wages. In particular, when wages are determined by ex post ...
Cited by 256 - Related articles - Library Search - BL Direct - All 19 versions

Wage and technology dispersion

[PDF] from psu.edu
Full text - MIT Libraries
D Acemoglu… - The Review of Economic …, 2000 - restud.oxfordjournals.org
Abstract This paper explains why firms with identical opportunities may use different
technologies and offer different wages. Our key assumption is that workers must engage in
costly search in order to gather information about jobs (Stigler (1961)). In equilibrium, ...
Cited by 165 - Related articles - BL Direct - All 17 versions

The assignment of workers to jobs in an economy with coordination frictions

[PDF] from wustl.edu
Full text - MIT Libraries
R Shimer - Journal of Political Economy, 2005 - JSTOR
This paper studies the assignment of heterogeneous workers to heterogeneous jobs. Owing
to the anonymity of a large labor market, workers use mixed strategies when applying for
jobs. This randomness generates coordination frictions. Two workers may apply for a ...
Cited by 172 - Related articles - BL Direct - All 17 versions

The impact of young workers on the aggregate labor market

[PDF] from oxfordjournals.org
Full text - MIT Libraries
R Shimer - The Quarterly Journal of Economics, 2001 - qje.oxfordjournals.org
Abstract An increase in the share of youth in the working age population of one state or
region relative to the rest of the United States causes a sharp reduction in that state's relative
unemployment rate and a modest increase in its labor force participation rate. This is ...
Cited by 151 - Related articles - Library Search - BL Direct - All 23 versions

[PDF] Why is the US unemployment rate so much lower?

[PDF] from nber.org
R Shimer - 1999 - nber.org
In a well-known paper in one of the inaugural issues of theBrookings Papers, Robert Hall
posed the question," Why is the Unemployment Rate So High at Full Employment?"(Hall,
1970). Hall, writing in the context of the 3.5% unemployment rate that prevailed in 1969, ...
Cited by 143 - Related articles - View as HTML - Library Search - All 12 versions

The consequences of rigid wages in search models

[PDF] from uchicago.edu
Full text - MIT Libraries
R Shimer - Journal of the European Economic Association, 2004 - Wiley Online Library
Abstract The standard theory of equilibrium unemployment, the Mortensen—Pissarides
search and matching model, cannot explain the magnitude of the business cycle fluctuations
in two of its central elements, unemployment and vacancies. Modifying the model to make ...
Cited by 141 - Related articles - Library Search - BL Direct - All 14 versions

[CITATION] Contracts in a frictional labor market

R Shimer - 1996 - mimeo
Cited by 101 - Related articles

Changes in unemployment duration and labor force attachment

[PDF] from uchicago.edu
KG Abraham… - 2001 - nber.org
This paper accounts for the observed increase in unemployment duration relative to the
unemployment rate in the US over the past thirty years, typified by the record low level of
short-term unemployment. We show that part of the increase is due to changes in how ...
Cited by 94 - Related articles - Library Search - BL Direct - All 12 versions

On-the-job search and strategic bargaining

[PDF] from nber.org
Full text - MIT Libraries
R Shimer - European Economic Review, 2006 - Elsevier
This paper studies wage bargaining in a simple economy in which both employed and
unemployed workers search for better jobs. The axiomatic Nash bargaining solution and
standard strategic bargaining solutions are inapplicable because the set of feasible ...
Cited by 88 - Related articles - All 15 versions

[PDF] The cyclicality of hires, separations, and job-to-job transitions

[PDF] from stidue.net
Full text - MIT Libraries
R Shimer - REVIEW-FEDERAL RESERVE BANK OF SAINT …, 2005 - unina.stidue.net
Abstract This paper uses readily accessible data on unemployment duration to measure the
rate at which unemployed workers are hired and the rate at which they involuntarily separate
from their job. In the United States, the hiring rate is strongly procyclical and the separation ...
Cited by 83 - Related articles - View as HTML - BL Direct - All 21 versions

Liquidity and Insurance for the Unemployed

[PDF] from frb.org
R Shimer… - 2005 - nber.org
We study the optimal design of unemployment insurance for workers sampling job
opportunities over time. We focus on the timing of benefits and the desirability of allowing
workers to freely access a riskless asset. When workers have constant absolute risk ...
Cited by 81 - Related articles - Library Search - BL Direct - All 50 versions

The cyclical behavior of equilibrium unemployment and vacancies: Evidence and theory

[PDF] from 128.36.236.74
R Shimer - 2003 - nber.org
This paper argues that a broad class of search models cannot generate the observed
business-cycle-frequency fluctuations in unemployment and job vacancies in response to
shocks of a plausible magnitude. In the US, the vacancy-unemployment ratio is 20 times ...
Cited by 66 - Related articles - BL Direct - All 37 versions

Adverse selection in competitive search equilibrium

[PDF] from google.com
Full text - MIT Libraries
V Guerrieri, R Shimer… - Econometrica, 2010 - Wiley Online Library
We study economies with adverse selection, plus the frictions in competitive search theory.
With competitive search, principals post terms of trade (contracts), then agents choose
where to apply, and they match bilaterally. Search allows us to analyze the effects of ...
Cited by 66 - Related articles - Library Search - All 70 versions

Search-theoretic models of the labor market-a survey

[PDF] from umn.edu
R Rogerson, R Shimer… - 2004 - nber.org
We survey search-theoretic models of the labor market and discuss their usefulness for
analyzing labor market dynamics, job turnover, and wages. We first examine single-agent
models, showing how they can incorporate many interesting features and generate rich ...
Cited by 59 - Related articles - Library Search - BL Direct - All 30 versions

The assignment of workers to jobs in an economy with coordination frictions

[PDF] from psu.edu
R Shimer - 2001 - nber.org
This paper studies the assignment of heterogeneous workers to heterogeneous jobs in the
presence of coordination frictions. Firms offer human-capital-contingent wages, workers
observe these and apply for a job. In a symmetric equilibrium, identical workers use ...
Cited by 54 - Related articles - Library Search - BL Direct - All 13 versions

Reservation wages and unemployment insurance

[PDF] from oxfordjournals.org
Full text - MIT Libraries
R Shimer… - The Quarterly Journal of Economics, 2007 - qje.oxfordjournals.org
Abstract This paper argues that a risk-averse worker's after-tax reservation wage encodes all
the relevant information about her welfare. This insight leads to a novel test for the optimality
of unemployment insurance based on the responsiveness of reservation wages to ...
Cited by 55 - Related articles - Library Search - BL Direct - All 48 versions

Matching, search, and heterogeneity

[PDF] from uchicago.edu
Full text - MIT Libraries
R Shimer… - Advances in Macroeconomics, 2001 - degruyter.com
This paper explores the efficiency of decentralized search behavior and matching patterns in
a model with ex ante heterogeneity and a constant returns to scale search technology. We
show that a linear tax or subsidy on search intensity decentralizes the social optimum. In ...
Cited by 43 - Related articles - All 16 versions

Search and rest unemployment

[PDF] from google.com
F Alvarez… - 2008 - nber.org
This paper extends Lucas and Prescott's (1974) search model to develop a notion of rest
unemployment. The economy consists of a continuum of labor markets, each of which
produces a heterogeneous good. There is a constant returns to scale production ...
Cited by 41 - Related articles - Library Search - BL Direct - All 39 versions

Search in macroeconomic models of the labor market

[PDF] from tau.ac.il
R Rogerson… - Handbook of Labor Economics, 2011 - Elsevier
Abstract This chapter assesses how models with search frictions have shaped our
understanding of aggregate labor market outcomes in two contexts: business cycle
fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor ...
Cited by 40 - Related articles - Library Search - All 13 versions

[PDF] Competitive search equilibrium with asymmetric information

[PDF] from uchicago.edu
R Shimer… - 2004 - uchicago.edu
Abstract This paper explores the behavior of a model economy with search frictions and
bilateral asymmetric information. Firms commit to employment contracts in an effort to attract
workers. When a worker and firm meet, the worker must decide whether to supply effort to ...
Cited by 30 - Related articles - View as HTML - All 6 versions

The probability of finding a job

[PDF] from google.com
Full text - MIT Libraries
R Shimer - The American Economic Review, 2008 - JSTOR
" Unemployment is high in a recession because jobs are hard to find, not because more job-
seek? ers have been dumped into the labor market by elevated separation rates." Shimer
(2007) shows that movements in the job finding probability account for three-quarters of ...
Cited by 28 - Related articles - BL Direct - All 11 versions

[PDF] Nonstationary search

[PDF] from uchicago.edu
R Shimer… - University of Chicago and University of Michigan …, 2001 - uchicago.edu
Abstract This paper explores optimal matching policies in constant returns to scale search
economies with heterogeneous agents. We look for a policy that maximizes the present
value of output in the economy, taking the search frictions as given. Our main result is that ...
Cited by 27 - Related articles - View as HTML - All 8 versions

[PDF] Job auctions

[PDF] from psu.edu
R Shimer - Princeton University manuscript, 1999 - Citeseer
Abstract This paper proposes job auctions as a theory of wage determination in models of
labor markets with search frictions. Workers apply for jobs by bidding in auctions, and firms
reward the job to the applicant who offers it the most profit. In equilibrium, more productive ...
Cited by 27 - Related articles - View as HTML - All 4 versions

On the optimal timing of benefits with heterogeneous workers and human capital depreciation

[PDF] from bcrp.gob.pe
R Shimer… - 2006 - nber.org
This paper studies the optimal timing of unemployment insurance subsidies in a McCall
search model. Risk-averse workers sequentially sample random job opportunities. Our
model distinguishes unemployment subsidies from consumption during unemployment by ...
Cited by 27 - Related articles - Library Search - BL Direct - All 19 versions

Stock-flow matching

[PDF] from yale.edu
Full text - MIT Libraries
E Ebrahimy… - Journal of Economic Theory, 2010 - Elsevier
We develop the implications of the stock–flow matching model for unemployment,
vacancies, and worker flows. Workers and jobs are heterogeneous, so most worker–job
pairs cannot profitably match, leading to the coexistence of unemployment and vacancies. ...
Cited by 25 - Related articles - All 23 versions

[PDF] Dynamics in a model of on-the-job search

[PDF] from uchicago.edu
R Shimer - SED meeting, Paris, 2003 - uchicago.edu
Recent papers have argued that standard theories of the labor market, eg the Mortensen
and Pissarides (1994) matching model, cannot generate significant movements in
unemployment and vacancies in response to shocks of a plausible magnitude (Hall 2003, ...
Cited by 23 - Related articles - View as HTML - All 6 versions

[PDF] Wage rigidities and jobless recoveries

[PDF] from nber.org
R Shimer - Department of Economics, University of Chicago, …, 2010 - nber.org
Abstract This paper explores how real wage rigidities can generate jobless recoveries.
Suppose that after a transitory shock, the capital stock lies below trend. If wages are flexible,
they decline as the economy grows back to trend. If wages are completely rigid and the ...
Cited by 20 - Related articles - View as HTML - All 15 versions

[PDF] Optimal unemployment insurance with sequential search

[PDF] from uchicago.edu
R Shimer… - University of Chicago mimeo, 2003 - uchicago.edu
Unemployment insurance is an asset that protects workers against the risk of failing to find a
job. Its provision is limited by an important moral hazard problem: workers who are protected
against unemployment risk remain unemployed for longer. A growing theoretical literature ...
Cited by 18 - Related articles - View as HTML - All 8 versions

[CITATION] Valuing the Unique: The Economics of Singularities

L Karpik… - 2010 - Princeton Univ Pr
Cited by 22 - Related articles - Get it from MIT Libraries - Library Search - All 2 versions

[BOOK] Labor markets and business cycles

[PDF] from srce.hr
R Shimer - 2009 - hrcak.srce.hr
U vrijeme recesija i kriza kretanja na tržištu rada dobivaju posebno značenje u svijetu
ekonomskih istraživanja. Ni ova posljednja kriza, kako u svijetu, tako iu Hrvatskoj, nije bila
iznimka1. No, kretanje zaposlenosti i nezaposlenosti tijekom uspona i padova ...
Cited by 66 - Related articles - View as HTML - Get it from MIT Libraries - Library Search - All 15 versions

Efficient wage dispersion

[PDF] from mit.edu
D Acemoglu… - Working papers, 1997 - ideas.repec.org
In market economies, identical workers receive very different wages, violating the
Walrasian'law of one price'. We argue that in the absence of a Walrasian auctioneer to
coordinate trade, wage dispersion among identical workers is an equilibriu m ...
Cited by 15 - Related articles - Cached - Get it from MIT Libraries - BL Direct - All 10 versions

Search and rest unemployment

[PDF] from google.com
Full text - MIT Libraries
F Alvarez… - Econometrica, 2011 - Wiley Online Library
This paper develops a tractable version of the Lucas and Prescott (1974) search model.
Each of a continuum of industries produces a heterogeneous good using a production
technology that is continually hit by idiosyncratic shocks. In response to adverse shocks, ...
Cited by 13 - Related articles - All 5 versions

[CITATION] On-the-Job Search, Bargaining, and Wage Dispersion

R Shimer - University of Chicago mimeo, 2004
Cited by 12 - Related articles

[PDF] A note on Nash bargaining with on-the-job search

[PDF] from uchicago.edu
R Shimer - University of Chicago (mimeo), 2003 - uchicago.edu
There appears to be some confusion as to the nature of the Nash bargaining solution in
models with on-the-job search. 1 Nash posited four axioms that a bargaining solution should
have. Applying those axioms to a bilateral bargaining problem between a worker and a ...
Cited by 10 - Related articles - View as HTML

[PDF] The cyclical behavior of equilibrium unemployment and vacancies

[PDF] from wustl.edu
R Shimer - forthcoming American Economic Review, 2003 - artsci.wustl.edu
Notes: The vu ratio is constructed by the BLS from the CPS and by the Conference Board.
The job-finding rate is constructed using equation (1) and BLS data from the CPS. Both are
quarterly averages of seasonally adjusted monthly series and are expressed as ...
Cited by 9 - Related articles - View as HTML - All 2 versions

[PDF] Equilibrium Unemployment Fluctuations

[PDF] from psu.edu
R Shimer - unpublished article, 2002 - Citeseer
Abstract This paper develops three facts about the cyclical behavior of the labor market in
the US and explores whether existing models are consistent with those facts. I find that a
standard model of search unemployment with wage bargaining either counterfactually ...
Cited by 7 - Related articles - View as HTML - All 3 versions

[PDF] Unemployment and Human Capital

[PDF] from unsw.edu.au
F Alvarez… - University of Chicago, mimeo, 2009 - asb.unsw.edu.au
The paper explores the interaction between sector-specific human capital accumulation and
sector-specific productivity or demand shocks. Our objective is to better understand the
determinants of skill and experience premia, the costs of displacement for workers with ...
Cited by 6 - Related articles - View as HTML - All 12 versions

[CITATION] E cient Wage Dispersion.'

D Acemoglu… - 1997 - Mimeo, MIT
Cited by 6 - Related articles

[PDF] The cyclical behavior of labor markets

[PDF] from uqam.ca
R Shimer - University of Chicago, manuscript, 2003 - econ.uqam.ca
A sequence of recent papers (Costain and Reiter 2003, Hall 2003a, Shimer 2003) has
argued that the standard theory of equilibrium unemployment, the Mortensen-Pissarides
search and matching model (Mortensen and Pissarides 1994, Pissarides 2000) cannot ...
Cited by 6 - Related articles - View as HTML - All 7 versions

[CITATION] Do good guys come in first? How wage determination affects the ranking of job applicants

R Shimer - Manuscript, Princeton University, 1997
Cited by 5 - Related articles

Dynamic adverse selection: A theory of illiquidity, fire sales, and flight to quality

[PDF] from harrisdellas.net
V Guerrieri… - 2012 - nber.org
We develop a dynamic equilibrium model of asset markets affected by adverse selection.
There exists a unique equilibrium where better assets trade at higher prices but in less liquid
markets. Sellers of high-quality assets can separate because they are more willing to ...
Cited by 6 - Related articles - All 34 versions

[CITATION] Do good guys come in first? Wage determination and the ranking of job applicants

R Shimer - 1995 - Mimeo, MIT
Cited by 5 - Related articles

[CITATION] The Assignment of Workers to Jobs In an Economy with Coordination Frictions, October 2001

R Shimer - National Bureau of Economic Research Working Paper, 2001
Cited by 4 - Related articles

[CITATION] Reassessing the Ins and Outs of Unemployment

S Robert - University of Chicago, mimeo, 2007
Cited by 4 - Related articles

[CITATION] Do nice guys finish last

R Shimer - 1996 - mimeo, MIT
Cited by 4 - Related articles

[PDF] Job search, labor force participation, and wage rigidities

[PDF] from au.dk
R Shimer - 2011 - lmdg.econ.au.dk
A flurry of recent research explores why unemployment is so volatile at business cycle
frequencies, typically assuming that labor force participation is constant, so volatility of
unemployment is simply the converse of volatility of employment. But in reality workers ...
Cited by 4 - Related articles - View as HTML

[PDF] Assignment and unemployment

[PDF] from uchicago.edu
R Shimer - Manuscript, Dept. Econ., Univ. Chicago, 2003 - uchicago.edu
Unemployment is a pervasive feature of market economies. Search and matching frictions
are commonly invoked in order to explain why there is unemployment (Lucas and Prescott
1974, Pissarides 1985). The question of why there are search and matching frictions, ...
Cited by 4 - Related articles - View as HTML - All 5 versions

[CITATION] oThe Cyclical Behavior of Unemployment and Vacancies: Evidence and Theory, p

R Shimer - NGSKECO 2EPOPNKE= GWKGX, 2005
Cited by 4 - Related articles

[PDF] Competitive Equilibrium in Asset Markets with Adverse Selection

[PDF] from chicagobooth.edu
V Guerreri… - 2011 - faculty.chicagobooth.edu
Abstract We develop a theory of equilibrium in asset markets with adverse selection. Traders
can buy and sell an asset at any price. Sellers recognize that their trades may be rationed if
they ask for a high price, while buyers recognize that they can only get a high quality good ...
Cited by 4 - Related articles - View as HTML - All 10 versions

[CITATION] Microfoundations of the optimal speed of transition

R Shimer - 1995 - mimeo, Massachusetts Institute of …
Cited by 4 - Related articles

[CITATION] Labor markets and business cycles

Robert. Shimer - Princeton University Press
Get it from MIT Libraries

[CITATION] Wage Inequality and Unemployment over the Business Cycle

R Shimer - 1997 - Mimeo, Princeton University
Cited by 3 - Related articles

[CITATION] iContracts in frictional labor market, jmimeo

R Shimer - Princeton University, 1996
Cited by 3 - Related articles

[CITATION] The Labor Market in the Great Recession: Comment

R Shimer - Brookings Papers on Economic Activity, 2010
Cited by 3 - Related articles - Get it from MIT Libraries

Daron acemoglu: 2005 john bates clark medalist

[PDF] from umt.edu
Full text - MIT Libraries
R Shimer - The Journal of Economic Perspectives, 2007 - JSTOR
D aron Acemoglu, winner of the 2005 John Bates Clark Medal, uses theoretical and
empirical analysis to tackle critical issues in a variety of fields in economics, including labor
economics, macroeconomics, and political economy. His unparalleled combination of ...
Cited by 2 - Related articles - BL Direct - All 13 versions

[CITATION] Do Good Guys Come in First?"

R Shimer - 1995 - mimeo MIT, Department. of …
Cited by 2 - Related articles

Comment

Full text - MIT Libraries
R Shimer - NBER Macroeconomics Annual, 2008 - JSTOR
This is an ambitious paper. It documents a novel set of facts about the nature of labor market
expansions during the last 15–20 years in the United States, and it develops a significant
extension to the Burdett and Mortensen (1998) model to explain them. I am not going to ...
Cited by 2 - Related articles - All 3 versions

[CITATION] jContracts in Frictional Labor Marketsk, 1996

R Shimer - MIT, mimeo
Cited by 2 - Related articles

[CITATION] mThe Cyclical Behavior of Equilibrium Unemployment, Va& cancies, and Wages: Evidence and Theoryn

R Shimer - American Economic Review, 2005
Cited by 2 - Related articles - Get it from MIT Libraries

[CITATION] 2oo5. The Cyclical Behavior of Equilibrium Unemployment and Vacancies

Full text - MIT Libraries
R Shimer - American Economic Review
Cited by 2 - Related articles

[CITATION] VChanges in Un'employment Duration and Labor Force Attachment

KG Abraham… - 2001 - V NBER working paper 8513
Cited by 2 - Related articles

[CITATION] The cyclical behavior of equilibrium unemployment and wages: Evidence and theory'

R Shimer - 2002 - NBER Working Papers (9536)
Cited by 2 - Related articles

[PDF] Macroeconomics and Search

[PDF] from uchicago.edu
R Rogerson… - Handbook of Labor Economics, 2011 - economics.uchicago.edu
In the last two decades, search theoretic models of the labor market have become the
dominant approach to understanding the existence of unemployment. Search models have
one undeniable appeal: they give a concrete notion of unemployment which conforms ...
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[CITATION] forthcoming.“Search in Macroeconomic Models of the Labor Market.”

R Rogerson… - Handbook of Labor Economics
Cited by 2 - Related articles

[CITATION] jCompetitive Search Equilibrium with Asymmetric In $ formationk

R Shimer… - 2004
Cited by 2 - Related articles

[CITATION] Reassessing the Ins and Outs of Unemployment.” ht tp

R Shimer - home. uchicago. edu/~ shimer/wp/reassess. pdf, 2005
Cited by 2 - Related articles

[The Business Cycle and the Life Cycle]: Comment

Full text - MIT Libraries
R Shimer - NBER Macroeconomics Annual, 2004 - JSTOR
This is an ambitious paper. The authors extend the standard real business-cycle model in
two directions. First, they allow for both market production and home production, as in
Benhabib, Rogerson, and Wright (1991). Second, they allow for overlapping generations ...
Cited by 1 - Related articles - All 2 versions

[CITATION] Forthcoming." Why Is the US Unemployment Rate So Much Lower?"

R Shimer - NBER Macroeconomics Annual, 1998
Cited by 1 - Related articles - Get it from MIT Libraries

[PDF] Unions and Unemployment

[PDF] from uchicago.edu
F Alvarez… - University of Chicago mimeo, 2009 - uchicago.edu
Abstract This paper examines the impact of unions on unemployment and wages in a
dynamic equilibrium search model. We model a union as imposing a minimum wage and
rationing jobs to ensure that the union's most senior members are employed. This ...
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Discussion of Robert E. Hall's REStat Lecture “Employment Efficiency and Sticky Wages: Evidence from Flows in the Labor Market”

Full text - MIT Libraries
R Shimer - Review of Economics and Statistics, 2005 - MIT Press
THIS paper is an important contribution to the emerging view that labor market rigidities
amplify employment and output fluctuations by reducing firms' incentives to create job
vacancies when labor market conditions are slack. In it, Robert Hall makes three main ...
Cited by 1 - Related articles - All 8 versions

[PDF] Rest Unemployment and Unionization

[PDF] from chicagobooth.edu
F Alvarez… - 2008 - faculty.chicagobooth.edu
Abstract This paper examines the impact of unions on unemployment and wages in a
dynamic equilibrium search model. Unions impose a minimum wage on employers and
ration jobs to ensure that their most senior members are employed. A minimum wage ...
Cited by 1 - Related articles - View as HTML - All 5 versions

[CITATION] Comment on:" new keynesian perspectives on labor market dynamics" by tommy sveen and lutz weinke

Full text - MIT Libraries
R Shimer - Journal of Monetary Economics, 2008 - econpapers.repec.org
... Please update your bookmarks. Comment on: "New Keynesian perspectives on labor market
dynamics" by Tommy Sveen and Lutz Weinke. Robert Shimer (). Journal of Monetary Economics,
2008, vol. 55, issue 5, pages 931-935. Date: 2008 Track citations by RSS feed. ...
Cited by 1 - Related articles - Cached - All 5 versions

[CITATION] Harris Dellas

H Uhlig, R Shimer, F Alvarez, F Lippi, B Diba… - Policy - harrisdellas.net
Cached - Get it from MIT Libraries - All 4 versions

[CITATION] How to Build a More Profitable Wills and Estates Practice: A Complete Working Kit

JB Aker… - 1968 - Executive Reports Corporation
Get it from MIT Libraries - Library Search

[PDF] Finding Jobs, Losing Jobs, and Changing Jobs

[PDF] from lse.ac.uk
R Shimer - 2002 - cep.lse.ac.uk
This paper asks why employed workers sometimes switch jobs. Existing theories typically
argue that employed workers move to better jobs when such jobs are available. The ease of
changing jobs has significant implications for the role of unemployment in reallocating ...
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Business Cycles, Wage Setting, and Asymmetric Information

R Shimer - 2004 Meeting Papers, 2004 - ideas.repec.org
This paper explores wage-setting in the presence of asymmetric information. Firms know
their own productivity, while workers only know the distribution of productivity in the
economy. Although there is unemployment in equilibrium, the labor market is competitive ...
Cached - All 4 versions

DP1572 Efficient Wage Dispersion

D Acemoglu… - 1997 - cepr.org
In market economies identical workers appear to receive very different wages, violating the
'law of one price'of Walrasian markets. It is argued in this paper that in the absence of a
Walrasian auctioneer to coordinate trade:(i) wage dispersion among identical workers is ...
Cached - All 3 versions

[PDF] Stock-Flow Matching Model: A Quantitative Analysis

[PDF] from nber.org
R Shimer - 2006 Meeting Papers, 2006 - nber.org
Abstract This paper explores the ability of the stock-flow matching model to generate realistic
business cycle frequency fluctuations in unemployment, job vacancies, and labor flows. The
model's behavior is very similar to that in Shimer (2006) and fits the data significantly ...
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Ecient Unemployment Insurance

A Daron, S Robert - ukpmc.ac.uk
This paper constructs a tractable general equilibrium model of search with risk-aversion. An
increase in risk-aversion reduces wages, unemployment and investment.
Unemploymentinsurance (UI) has the opposite e# ect: insured workers seek high wage ...
Cached

[Does Immigration Grease the Wheels of the Labor Market?]. Comments and Discussion

Full text - MIT Libraries
R Shimer… - Brookings Papers on Economic Activity, 2001 - JSTOR
Robert Shimer: George Borjas has written an ambitious paper, presenting some new
empirical findings and developing a framework for quantifying the efficiency gains from
immigration. The paper begins by documenting that immigrants tend to move to states ...
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[CITATION] The Research Agenda: Labor Market Frictions and Business Cycles

R Shimer - EconomicDynamics Newsletter, 2002 - econpapers.repec.org
... Please update your bookmarks. The Research Agenda: Labor Market Frictions and Business
Cycles. Robert Shimer (). EconomicDynamics Newsletter, 2002, vol. 4, issue 1. Abstract: Robert
Shimer is associate professor of Economics at Princeton University. ...
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[CITATION] How to Build a More Profitable Wills and Estates Practice

JB Aker… - 1977 - getcited.org
An academic directory and search engine.
Cached

[PDF] Daron Acemoglu

[PDF] from upenn.edu
Full text - MIT Libraries
R Shimer - The Journal of Political Economy, 1999 - porter.ssc.upenn.edu
This paper constructs a tractable general equilibrium model of search with risk aversion. An
increase in risk aversion reduces wages, unemployment, and investment. Unemployment
insurance has the opposite effect: insured workers seek high-wage jobs with high ...
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[PDF] Comment on" The Timing of Labor Market Expansions: New Facts and a New Hypothesis"

[PDF] from nber.org
R Shimer - 2009 - nber.org
This is an ambitious paper. It documents a novel set of facts about the nature of labor market
expansions during the last 15–20 years in the United States, and it develops a significant
extension to the Burdett and Mortensen (1998) model to explain them. I am not going to ...
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[PDF] Wage and Price Rigidities

[PDF] from eief.it
R Shimer - 2011 - eief.it
Abstract This paper studies the interaction between wage and price rigidities, with particular
attention to the size of the government consumption multiplier. I confirm that in a simple
model with price rigidities and no capital, the government consumption multiplier can ...
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[CITATION] Yarway: A Story of Corporate Renewal in Celebration of the 75th Anniversary of Yarway Corporation, 1908-1983

WR Shimer - 1983 - Yarway Corporation

[CITATION] Understanding Unemployment

R Shimer - Annual Review of Economics, 2012 - … Reviews 4139 El Camino Way, PO …
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[PDF] UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY

[PDF] from cftc.gov
CF TRADING, VJ FIRTH… - cftc.gov
Page 1. Robert W. Shimer 414 Allendale Way Camp Hill, PA 17011 (610) 223-4530
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY -----
COMMODITY FUTURES TRADING : COMMISSION, : : Hon. ...
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[PDF] Competitive Search with Private Information

[PDF] from nber.org
V Guerrieri, R Shimer… - 2008 - nber.org
This paper studies the interaction between a large number of uninformed principals and a
large number of informed agents in a market. Principals compete for agents by posting
contracts at some cost. Agents observe the posted contracts and try to obtain one of them. ...
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[CITATION] Yarway: A Story of Corporate Renewal

WR Shimer - 1983 - Yarway Corporation
Get it from MIT Libraries - Library Search

[PDF] Wage Rigidities, Reallocation Shocks, and Jobless Recoveries

[PDF] from ucsb.edu
R Shimer - 2010 - laef.ucsb.edu
Abstract This paper explores the joint implications of two assumptions in a business cycle
model: the key shock is reallocational, rendering some of the capital stock unproductive
while not affecting the remainder; and wages are rigid and do not respond to the shock. In ...
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[CITATION] Profitable Wills and Estates Practice Under the All-new Tax Law Setup

JB Aker… - 1982 - getcited.org
An academic directory and search engine.
Cached

[CITATION] Product differentiation theory with implications for international trade

R Shimer - 1992 - Oxford University
Library Search

[PDF] A Competitive Theory of Unemployment, Vacancies, and Labor Market Flows

[PDF] from clevelandfed.org
R Shimer - clevelandfed.org
Abstract This paper develops a dynamic competitive model of mismatch. Workers and jobs
are randomly assigned to labor markets. Each labor market clears at each instant but some
labor markets have more workers than jobs, hence unemployment, and some have more ...
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