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{{short description|American economist}}

{{Infobox economist
{{Infobox economist
| name = Robert Shimer
| name = Robert Shimer
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| nationality = [[United States|American]]
| nationality = [[United States|American]]
| institution = [[University of Chicago]]
| institution = [[University of Chicago]]
| field = [[macroeconomics]], [[labor economics]]
| field = [[Macroeconomics]], [[labor economics]]
| alma_mater = [[MIT]]<br>[[Oxford University]]<br>[[Yale University]]
| alma_mater = [[MIT]]<br>[[Oxford University]]<br>[[Yale University]]
| doctoral_advisor = [[Olivier Blanchard]]<ref name="Thesis advisor">{{cite thesis |last= Shimer |first= Robert |date= 1996 |title= Essays in search theory |type= Ph.D. |publisher= [[MIT]] |hdl= 1721.1/10832 }}</ref><br>[[Daron Acemoglu]]<ref name="Thesis advisor" />
| academic_advisors=
| doctoral_students=
| notable_students =
| influences =
| influences =
| influenced =
| influenced =
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}}
}}


'''Robert Shimer''' (born August 21, 1968) is an American [[macroeconomics|macroeconomist]] and [[labour economics|labor economist]] who currently holds the Alvin H. Baum Chair in the Economics Department of the [[University of Chicago]].<ref>[http://economics.uchicago.edu/faculty.shtml#s Faculty list, Dept. of Economics, University of Chicago]</ref> He was an editor of the ''[[Journal of Political Economy]]'' from 2004 to 2012.<ref>[http://www.journals.uchicago.edu/page/jpe/board.html Editorial Board, ''Journal of Political Economy''.]</ref> His research focuses on the [[Matching theory (macroeconomics)|search and matching approach]] to labor economics. He is especially known for arguing that the standard [[Matching theory (macroeconomics)|labor market matching model]] predicts fluctuations in the unemployment rate much smaller than those actually observed over the business cycle,<ref>{{cite journal |first=Robert |last=Shimer |year=2005 |title=The Cyclical Behavior of Equilibrium Unemployment and Vacancies |journal=[[American Economic Review]] |volume=95 |issue=1 |pages=25–49 |jstor=4132669 |doi=10.1257/0002828053828572}}</ref> an observation which has sometimes been called the '''Shimer puzzle'''.<ref>{{cite journal |first=G. |last=Cardullo |title=Matching Models Under Scrutiny: An Appraisal of the Shimer Puzzle |journal=[[Journal of Economic Surveys]] |volume=24 |issue=4 |pages=622–656 |year=2010 |doi=10.1111/j.1467-6419.2009.00596.x }}</ref> His book ''Labor Markets and Business Cycles'' was published in 2010 by Princeton University Press, and was recommended by [[Robert Hall (economist)|Robert Hall]]:
'''Robert Shimer''' (born August 21, 1968) is an American [[macroeconomics|macroeconomist]] and [[labour economics|labor economist]] who currently holds the George J. Stigler Distinguished Service Professor in Economics and the College at the [[University of Chicago]]. From 2018 through 2024 he served two terms at the Chair of the Kenneth C. Griffin Department of Economics.<ref>[http://economics.uchicago.edu/faculty.shtml#s Faculty list, Dept. of Economics, University of Chicago] From 2018-2024 Shimer served two three-year terms as the Chair of the Kenneth C. Griffin Department of Economics. {{webarchive|url=https://web.archive.org/web/20060811203228/http://economics.uchicago.edu/faculty.shtml |date=2006-08-11 }}</ref> He was an editor of the ''[[Journal of Political Economy]]'' from 2004 to 2012.<ref>[http://www.journals.uchicago.edu/page/jpe/board.html Editorial Board, ''Journal of Political Economy''.]</ref> His research focuses on the [[Matching theory (macroeconomics)|search and matching approach]] to labor economics. He is especially known for arguing that the standard [[Matching theory (macroeconomics)|labor market matching model]] predicts fluctuations in the unemployment rate much smaller than those actually observed over the business cycle,<ref>{{cite journal |first=Robert |last=Shimer |year=2005 |title=The Cyclical Behavior of Equilibrium Unemployment and Vacancies |journal=[[American Economic Review]] |volume=95 |issue=1 |pages=25–49 |jstor=4132669 |doi=10.1257/0002828053828572}}</ref> an observation which has sometimes been called the '''Shimer puzzle'''.<ref>{{cite journal |first=G. |last=Cardullo |title=Matching Models Under Scrutiny: An Appraisal of the Shimer Puzzle |journal=[[Journal of Economic Surveys]] |volume=24 |issue=4 |pages=622–656 |year=2010 |doi=10.1111/j.1467-6419.2009.00596.x |s2cid=153445313 |url=https://zenodo.org/record/1184634 }}</ref> His book ''Labor Markets and Business Cycles'' was published in 2010 by Princeton University Press, and was recommended by [[Robert Hall (economist)|Robert Hall]]:
:Shimer's definitive account of the modern theory of labor market volatility presents many new results and deserves a prominent place on the bookshelf of every macroeconomist and labor economist.<ref>[http://press.princeton.edu/titles/9217.html Endorsements of ''Labor Markets and Business Cycles'', by R. Shimer]</ref>
:Shimer's definitive account of the modern theory of labor market volatility presents many new results and deserves a prominent place on the bookshelf of every macroeconomist and labor economist.<ref>[http://press.princeton.edu/titles/9217.html Endorsements of ''Labor Markets and Business Cycles'', by R. Shimer]</ref>


==References==
==Publication==
* {{cite book |last= Shimer |first= Robert |date= 2010 |title= Labor Markets and Business Cycles |url= https://press.princeton.edu/titles/9217.html |location= [[Princeton, New Jersey|Princeton]] and [[Oxford]] |publisher= [[Princeton University Press]] |series= CREI Lectures in Macroeconomics |isbn= 978-0691140223 }}

==Research==

===Labor Choice===
In 2017, Shimer coauthored a paper entitled, "High Wage Workers Work for High Wage Firms."<ref>{{cite journal |last1=Borovičková|first1=Katarina|last2=Shimer|first2=Robert|title=High Wage Workers Work for High Wage Firms |journal=[[National Bureau of Economic Research No. 24074]] |issue=November 2017 |year=2017 |location=Cambridge, MA |doi=10.3386/w24074 |doi-access=free}}</ref> The working paper sought to measure the correlation between worker quality and firm wage rates. Using Austrian administrative data, he found a correlation between worker and firm types of 0.4 to 0.6. This implies a contradiction to previous work which found no correlation between types.
{{reflist}}
{{reflist}}


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* [http://robert.shimer.googlepages.com/ Robert Shimer's homepage]
* [http://robert.shimer.googlepages.com/ Robert Shimer's homepage]
* [http://www.nber.org/reporter/2008number3/shimer.html NBER Research Summary]
* [http://www.nber.org/reporter/2008number3/shimer.html NBER Research Summary]
*{{Google Scholar id|QkQZSKMAAAAJ}}
*{{cite web|title=Robert Shimer|url=https://www.jstor.org/action/doBasicSearch?Query=au%3A%22Robert+Shimer%22+&acc=off&wc=on&fc=off&group=none|publisher=[[JSTOR]]}}

{{Authority control}}


{{Authority control|VIAF=77388552|LCCN=n/81/131643|GND=129263397}}
{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
| NAME = Shimer, Robert
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION = American economist
| DATE OF BIRTH = 1968-08-21
| PLACE OF BIRTH =
| DATE OF DEATH =
| PLACE OF DEATH =
}}
{{DEFAULTSORT:Shimer, Robert}}
{{DEFAULTSORT:Shimer, Robert}}
[[Category:1968 births]]
[[Category:1968 births]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:American economists]]
[[Category:American labor economists]]
[[Category:Labor economists]]
[[Category:American macroeconomists]]
[[Category:Macroeconomists]]
[[Category:20th-century American economists]]
[[Category:21st-century American economists]]
[[Category:Fellows of the Econometric Society]]
[[Category:Fellows of the American Academy of Arts and Sciences]]
[[Category:Yale University alumni]]
[[Category:Alumni of the University of Oxford]]
[[Category:Massachusetts Institute of Technology alumni]]
[[Category:Princeton University faculty]]
[[Category:University of Chicago faculty]]
[[Category:Journal of Political Economy editors]]



{{US-economist-stub}}
{{US-economist-stub}}

Latest revision as of 17:40, 14 September 2024

Robert Shimer
Born (1968-08-21) August 21, 1968 (age 56)[2]
NationalityAmerican
Academic career
FieldMacroeconomics, labor economics
InstitutionUniversity of Chicago
Alma materMIT
Oxford University
Yale University
Doctoral
advisor		Olivier Blanchard[1]
Daron Acemoglu[1]
Information at IDEAS / RePEc

Robert Shimer (born August 21, 1968) is an American macroeconomist and labor economist who currently holds the George J. Stigler Distinguished Service Professor in Economics and the College at the University of Chicago. From 2018 through 2024 he served two terms at the Chair of the Kenneth C. Griffin Department of Economics.[3] He was an editor of the Journal of Political Economy from 2004 to 2012.[4] His research focuses on the search and matching approach to labor economics. He is especially known for arguing that the standard labor market matching model predicts fluctuations in the unemployment rate much smaller than those actually observed over the business cycle,[5] an observation which has sometimes been called the Shimer puzzle.[6] His book Labor Markets and Business Cycles was published in 2010 by Princeton University Press, and was recommended by Robert Hall:

Shimer's definitive account of the modern theory of labor market volatility presents many new results and deserves a prominent place on the bookshelf of every macroeconomist and labor economist.[7]

Publication

[edit]
  • Shimer, Robert (2010). Labor Markets and Business Cycles. CREI Lectures in Macroeconomics. Princeton and Oxford: Princeton University Press. ISBN 978-0691140223.

Research

[edit]

Labor Choice

[edit]

In 2017, Shimer coauthored a paper entitled, "High Wage Workers Work for High Wage Firms."[8] The working paper sought to measure the correlation between worker quality and firm wage rates. Using Austrian administrative data, he found a correlation between worker and firm types of 0.4 to 0.6. This implies a contradiction to previous work which found no correlation between types.

  1. ^ a b Shimer, Robert (1996). Essays in search theory (Ph.D.). MIT. hdl:1721.1/10832.
  2. ^ Robert Shimer's c.v.
  3. ^ Faculty list, Dept. of Economics, University of Chicago From 2018-2024 Shimer served two three-year terms as the Chair of the Kenneth C. Griffin Department of Economics. Archived 2006-08-11 at the Wayback Machine
  4. ^ Editorial Board, Journal of Political Economy.
  5. ^ Shimer, Robert (2005). "The Cyclical Behavior of Equilibrium Unemployment and Vacancies". American Economic Review. 95 (1): 25–49. doi:10.1257/0002828053828572. JSTOR 4132669.
  6. ^ Cardullo, G. (2010). "Matching Models Under Scrutiny: An Appraisal of the Shimer Puzzle". Journal of Economic Surveys. 24 (4): 622–656. doi:10.1111/j.1467-6419.2009.00596.x. S2CID 153445313.
  7. ^ Endorsements of Labor Markets and Business Cycles, by R. Shimer
  8. ^ Borovičková, Katarina; Shimer, Robert (2017). "High Wage Workers Work for High Wage Firms". National Bureau of Economic Research No. 24074 (November 2017). Cambridge, MA. doi:10.3386/w24074.
[edit]


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