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.
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: 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.