In 2017, Shimer coauthored a paper entitled, "High Wage Workers Work for High Wage Firms."6 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.
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 http://economics.uchicago.edu/faculty.shtml#s ↩
Editorial Board, Journal of Political Economy. http://www.journals.uchicago.edu/page/jpe/board.html ↩
Shimer, Robert (2005). "The Cyclical Behavior of Equilibrium Unemployment and Vacancies". American Economic Review. 95 (1): 25–49. doi:10.1257/0002828053828572. JSTOR 4132669. /wiki/American_Economic_Review ↩
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. https://zenodo.org/record/1184634 ↩
Endorsements of Labor Markets and Business Cycles, by R. Shimer http://press.princeton.edu/titles/9217.html ↩
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. https://doi.org/10.3386%2Fw24074 ↩