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The Amplification of Unemployment Fluctuations Through Self-Selection

Hall, Robert E. - 2021

Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers …

Persistent link: https://www.econbiz.de/10013218331

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/10013028544

Job Loss, Job Finding, and Unemployment in the U.S. Economy Over the Past Fifty Years

Hall, Robert E. - 2021

New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because jobs become harder to find. Recessions involve little increase in the flow of workers out of jobs. Another important finding from new data is that a large fraction of workers...

Persistent link: https://www.econbiz.de/10013313246

By How Much Does GDP Rise If the Government Buys More Output?

Hall, Robert E. - 2009

During World War II and the Korean War, real GDP grew by about half the amount of the increase in government purchases. With allowance for other factors holding back GDP growth during those wars, the multiplier linking government purchases to GDP may be in the range of 0.7 to 1.0, a range...

Persistent link: https://www.econbiz.de/10013154570

Job-Finding and Job-Losing : A Comprehensive Model of Heterogeneous Individual Labor-Market Dynamics

Hall, Robert E. - 2019

We study the paths over time that individuals follow in the labor market, as revealed in the monthly Current Population Survey. Some people face much higher flow values from work than in a non-market activity; if they lose a job, they find another soon. Others have close to equal flow values and...

Persistent link: https://www.econbiz.de/10012891313

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/10013011088

Unemployed with Jobs and Without Jobs

Hall, Robert E.; Kudlyak, Marianna - 2021

Potential workers are classified as unemployed if they seek work but are not working. The unemployed population contains two groups—those with jobs and those without jobs. Those with jobs are on furlough or temporary layoff. This group expanded tremendously in April 2020. They wait out periods...

Persistent link: https://www.econbiz.de/10013240640

A Theory of the Natural Unemployment Rate and the Duration of Employment

Hall, Robert E. - 2021

employers, the efficiency of matching jobs and workers, and the cost of unemployment to workers are likely to influence the …

Persistent link: https://www.econbiz.de/10013213097

The Sensitivity of Consumption to Transitory Income : Estimates from Panel Data on Households

Hall, Robert E.; Mishkin, Frederic S. - 2021

We investigate the stochastic relation between income and consumption (specifically, consumption of food) within a panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to transitory movements of income. 2. The response to...

Persistent link: https://www.econbiz.de/10013313805

Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis

Hall, Robert E. - 2014

The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007. Part of this shortfall--2.2 percentage points out of the 13--was the result of lingering slackness in the labor market in the...

Persistent link: https://www.econbiz.de/10013053148