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- Publications
- Influence
The Cyclical Behavior of Equilibrium Unemployment and Vacancies
- R. Shimer
- Economics
- 1 February 2005
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… Expand
Reassessing the Ins and Outs of Unemployment
- R. Shimer
- Economics
- 1 September 2007
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… Expand
Efficient Unemployment Insurance
- D. Acemoglu, R. Shimer
- Economics
- Journal of Political Economy
- 1 August 1998
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… Expand
Holdups and efficiency with search frictions
- D. Acemoglu, R. Shimer
- Economics
- 1 November 1999
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… Expand
Adverse Selection in Competitive Search Equilibrium
- Veronica Guerrieri, R. Shimer, Randall Wright
- Economics
- 1 April 2009
We extend the concept of competitive search equilibrium to environments with private information, and in particular adverse selection. Principals (e.g. employers or agents who want to buy assets)… Expand
Productivity Gains from Unemployment Insurance
- D. Acemoglu, R. Shimer
- Economics
- 1 September 1999
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… Expand
Assortative Matching and Search
- R. Shimer, Lones Smith
- Mathematics
- 1 March 2000
This paper has pushed Becker's matching insights into a quite plausible search setting. Exploiting the implicit integral equation (10), we gave a thorough characterization of cross-sectional matching… Expand
The Impact of Young Workers on the Aggregate Labor Market
- R. Shimer
- Economics
- 1 August 1999
This paper estimates the response of the unemployment rate and labor force participation rate to exogenous variation in the youth share of the working age population, using cross-state variation in… Expand
The cyclicality of hires, separations, and job-to-job transitions
- R. Shimer
- Economics
- 1 July 2005
This paper measures the job-finding, separation, and job-to-job transition rates in the United States from 1948 to 2004. The job-finding and job-to-job transition rates are strongly procyclical and… Expand
EÆcient Unemployment Insurance
- D. Acemoglu, R. Shimer
- 2000
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… Expand
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