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Wage Dispersion and Search Behavior : The Importance of Non-Wage Job Values

Hall, Robert E. - 2015

We use a rich new body of data on the experiences of unemployed jobseekers to determine the sources of wage dispersion and to create a search model consistent with the acceptance decisions the jobseekers made. Heterogeneity in non-wage job values or amenities among jobseekers and jobs is a...

Persistent link: https://www.econbiz.de/10012456907

The Amplification of Unemployment Fluctuations through Self-Selection

Hall, Robert E. - 2005

Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers … employers can review applicants cheaply. The cost of evaluation per hire depends on the fraction of applicants who are qualified …

Persistent link: https://www.econbiz.de/10012467499

Wage Determination and Employment Fluctuations

Hall, Robert E. - 2003

employers, as measured by vacancies, are low. A model of matching frictions explains the qualitative responses of the labor …

Persistent link: https://www.econbiz.de/10012468730

Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers

Hall, Robert E. - 2015

Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the … output; vacant jobs and active jobseekers are the inputs. Measurement of matching efficiency follows the same principles as … measuring an index of productivity of production. We develop a framework for measuring matching productivity when the population …

Persistent link: https://www.econbiz.de/10012457727

Equity Depletion from Government-Guaranteed Debt

Hall, Robert E. - 2008

Government guarantees of private debt deplete equity. The depletion is greatest during periods when the probability of a guarantee payoff is highest. In a setting otherwise subject to Modigliani-Miller neutrality, firms issue guaranteed debt up to the limit the government permits. Declines in...

Persistent link: https://www.econbiz.de/10012464068

The Value of Life and the Rise in Health Spending

Hall, Robert E. - 2004

Health care extends life. Over the past half century, Americans have spent a rising share of total economic resources on health and have enjoyed substantially longer lives as a result. Debate on health policy often focuses on limiting the growth of health spending. We investigate an issue...

Persistent link: https://www.econbiz.de/10012467953