The Cyclical Behavior of Equilibrium Unemployment and Vacancies

By Robert Shimer. 2005

2,885 citations recorded by the source corpus.

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In Economics and Econometrics

Citations in the corpus

Business cycles, unemployment insurance, and the calibration of matching models (2008, positive): “Shimer (2004, 2005) and Hall (2003, 2005a, b) studied the cyclical dynamics of calibrated RBCM models and obtained fluctuations of unemployment and vacancies an order of magnitude smaller than those in the data.1 The reason is that in their models, productivity shocks cause strong wage movements…”
Job Displacement Risk and the Cost of Business Cycles (2007, background): “For example, in the baseline economy with log-utility preferences (degree of risk aversion of one), the welfare cost of busi- 3For recent evidence on job separation rates, see Hall (2005) and Shimer (2005).”
Macroeconomics and Household Heterogeneity (2016, background): “…of the quarter is not unemployed at the end of the quarter is: f = 1− ((1− f1)(1− f2)(1− f3) + f1s2(1− f3) + f1(1− s2)s3 + (1− f1) f2s3) (9) We follow Shimer (2005) to measure the job-finding and separation rates from CPS dat as averages for periods corresponding to specific Z, Z′…”
Does Online Search Crowd Out Traditional Search and Improve Matching Efficiency? Evidence from Craigslist (2014, result): “Our study also contributes to the literature on Matching and the Beveridge curve (Abraham, 1987; Bleakley and Fuhrer, 1997; Katz and Krueger, 1999; Autor, 2001; Shimer, 2005).”
Opening the Black Box of the Matching Function: The Power of Words (2020, methodology): “In particular, directed search models assign a key role to posted wages as an instrument for firms to attract the right pool of applicants (see e.g. Moen, 1997; Shimer, 2005a; Eeckhout & Kircher, 2010).”
On-the-Job Search and the Cyclical Dynamics of the Labor Market (2007, neutral): “We can substitute this equation into the employment equation for the good sector and find: e ngt+1 = [(1− ρ)(1− ps) + (1− ρ)] e ngt − (1− ρ)(2)(1− pgs)e ngt−1 + (26)”
Recessions and the Costs of Job Loss (2011, neutral): “But in the steady state of the simplest version of Mortensen-Pissarides models, such as the specification used by Robert Shimer (”
Labor Market Effects of Unemployment Insurance Design (2014, positive): “Shimer (2005) suggests that countercyclical movements in workers’ bargaining power could also allow for ampliﬁcation of shocks in the economy.”
The Determinants of Rising Informality in Brazil: Evidence from Gross Worker Flows (2007, methodology): “Explaining these stylized facts, Shimer (2005b) and Hall (2005) argue, requires introducing wage rigidities into standard matching models.”
Really Uncertain Business Cycles (2012, positive): “Interestingly this result is consistent with the claims in Hall (2005) and Shimer (2005) that firing is acylical and that the majority of the cyclical adjustment in the labor force is done through a reduction in hiring.”